It was consider groundbreaking for its marketing power: “1000 songs” was WAY easier to understand than how many megabytes of storage an MP3 player had on board. But, if you ask me, the iTunes store is the big story.
Why? Because it put a one-click marketplace with a very low-friction sales channel directly into our hands, attached to a device that willingly sucks up the purchases and plays them to us at our whim.
The iTunes store was one of the first brilliantly distributed marketplaces because it was a simple management app that morphed into a simple sales tool.
One last thing about Apple before I move on to talk about the future of marketplaces: have you been to the Apple Store lately? If so, you probably bought something. Notice the credit-card-readers-on-the-phone trick?
Well, that’s part of the story, too. The sense of doing transactions without eating up space for registers is part of this.
So, let’s talk about my thoughts on the future of marketplaces.