Warner Music slows while iTunes grows

Revenue from digital sales of recorded music grew just 3.7 percent to $169 million. That’s a slower pace than the 4.5 percent growth posted a year ago and 39 percent growth two years earlier.

via Warner Music CEO looks `beyond iTunes’ amid losses – Yahoo! Finance.

For the record, iTunes did grow at 35% in the quarter that Warner Music grew digital sales by 39% two years ago.

But the two diverged a year ago with 17% iTunes vs. WMG’s 4.5% and this past quarter iTunes grew at 27% vs. 3.7%.

Gives us an idea of how much Apps have swelled iTunes’ top line.