A US music magazine has named Apple's GarageBand "product of the Year" and praised it for the impact it is having on the music industry.

In its April issue Music Trades magazine called GarageBand a "one-step recording solution that enables beginners to create their own music or serves as useful sketch pad for more accomplished players."

The title (which is not available online) also praised GarageBand's for increasing retention rates with beginning guitarists and other musicians, and for encouraging users to buy related peripherals like MIDI controllers, hardware mixing surfaces, speakers, microphones, and USB and FireWire audio interfaces, reports The Mac Observer.

"Will GarageBand keep those instruments from ending up collecting dust in a closet? The jury is still out, but given that over four million GarageBand-equipped Macs were shipped last year, we'll know soon enough. Even if GarageBand has only a nominal impact on retention rates, it still represents a major commercial opportunity," the magazine said.