Justin Timberlake 2012

Justin Timberlake’s “Suit & Tie” Hits #1 On iTunes Chart

Timberlake’s Musical Comeback Gets Off To A Great Start With His First Single Reaching #1 on iTunes in Less Than 24 Hours

Justin Timberlake 2012

At midnight last night, Justin Timberlake released the Jay-Z & Timbaland-assisted Suit & Tie on his official website, with his label simultaneously servicing the song to radio and iTunes.

Since being released for 15 hours or so, the song has received mixed reviews from fans, with some calling it amazing, while others says it’s underwhelming, including myself.

But that isn’t stopping the song from making big moves on the charts.

The song has already ranked within the top 6 of the Pop Songs chart with approximately 1,000 plays, according to Nielsen BDS and it’s already trending in the top 10 on the Rhythmic building chart and the top 15 of the Mainstream R&B/hip-hop and Adult Pop Songs building tallies.

The song is also selling very well (it’s #1 on the iTunes) and could earn Justin his best sales week ever for a digital song.

Based on early data from sources, Billboard predicts that “Suit & Tie” could sell at least 400,000 downloads by the end of the tracking week on Sunday, Jan. 20, and if it does, it will be the biggest debut for a digital song since Taylor Swift‘s “I Knew You Were Trouble” moved 416,000 on the Digital Songs chart dated Oct. 27, 2012.

When the Billboard Hot 100 ranking is compiled on Wednesday (Jan. 16), “Suit” could chart based solely on its first two days of airplay, as the Hot 100’s airplay tracking week runs on a Wednesday through Tuesday cycle. Sales and streaming, however, will not factor into the song’s Hot 100 rank this week, as those data fields cover a Monday through Sunday tracking period.

The song has amassed 16 million in all-format audience since midnight and is available for streaming exclusively at Myspace.com (a company in which Timberlake has a financial interest). Again, that streaming data will factor into next week’s Hot 100, not this week’s.

“Suit & Tie” will appear on Justin’s forthcoming album, The 20/20 Experience.

Thoughts?