The music download store, iTunes is officially the market’s leader, confirmed today by the release of reports about its latest accomplishment.

“iTunes has now sold over 200 million songs, making it the world’s number one online music store by far,” said Steve Jobs, Apple’s CEO.

The 200 millionth song was part of “The Complete U2”, according to Apple, who also revealed that its sales rate is unbelievably speeding up.

iTunes reached its 150 millionth sale just two months ago during October, when Apple was reportedly selling four million songs per week.

But now it seems, 4,761,905 songs are being bought each week, a rate of sale that is approximately 18 per cent up on October’s figures.

“We’re thrilled to be making music an even more popular gift this holiday season with iTunes and iPod," concluded Mr Jobs.