Apple Computer on Wednesday night , resulting in a nice payday for the customer who bought the milestone track.
Alex Ostrovsky from West Bloomfield, Mich., bought Coldplay's "Speed of Sound," netting him 10 new iPods, a 20-inch iMac and a $10,000 iTunes gift card. Apple will also set up a scholarship in his name at the Juilliard School of Music.
In a statement, Apple CEO Steve Jobs lauded the milestone. "I hope that every customer, artist and music company executive takes a moment today to reflect on what we've achieved together during the past three years," Jobs said. "Over 1 billion songs have now been legally purchased and downloaded around the globe, representing a major force against music piracy and the future of music distribution as we move from CDs to the Internet."