Wal-Mart Overtakes Amazon in Online Movies

Wal-Mart’s (NYSE:WMT) Vudu has increased market share in the U.S., rising from just 1% in the first half of 2010 to 5.3% in the first half of 2011, overtaking both Sony (NYSE:SNE), and Amazon (NASDAQ:AMZN).

The report added that Apple (NASDAQ:AAPL) remains far and away the dominant online movie retailer, with 65.8% of the market.

Wal-Mart Stores (NYSE:WMT) has a potential upside of 16.5% based on a current price of $52.3 and an average consensus analyst price target of $60.95.

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