Apple CEO Steve Jobs was named Visionary of the Year at the First Annual Billboard Digital Entertainment Awards and Apple was awarded Brand of the Year.
The company lost out to XM Satellite Radio in the Innovator of the Year category and to Real Networks in the Best Download or Subscription Music Service.
Also nominated for Visionary of the Year were Real Networks' Rob Glaser and Sim City game designer Will Wright.
Other nominated music services included Musicmatch and Napster.
The panel of jurors included executives from EMI Music, Yahoo, Microsoft's Xbox Live, Electronic Arts, Sony Pictures Digital, and Warner Music Group.