Apple is trumpeting the fact that its iTunes music store is now the second biggest music seller in the country, behind only Wal-Mart, according to a new report from the NPD Group.

That’s interesting, but it overshadows some equally intriguing music industry data that NPD also reported.

First, the bragging from Apple:

Apple also announced that there are now over 50 million iTunes Store customers. iTunes has sold over four billion songs, with an incredible 20 million songs sold on Christmas Day 2007 alone, and offers the world’s largest music catalog of over six million songs from all of the major and thousands of independent labels.

If you check out the report from NPD, though, the iTunes ranking is only one nugget in a gold mine of information.

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