Taylor Swift beats Lady Gaga’s record for fastest selling single on iTunes with “We Are Never Ever Getting Back Together”

After debuting her new track, "We Are Never Ever Getting Back Together," during a live chat with fans, Taylor Swift has conquered Lady Gaga's previously set record of the fastest selling single on iTunes.

According to reports, "Never Ever" shot to the top of the iTunes chart 50 minutes after its release beating Lady Gaga's record for fastest rising single when her tune "Born This Way" was released last year.

See more: Kelly Clarkson sings Eminem song "Lose Yourself"

"Never Ever," which was produced by Max Martin who has worked with the Backstreet Boys and Britney Spears, is part of Swift's upcoming album "Red" that is aptly named based on the intensity of emotion the 22-year-old says went into the creation of the record.

"I wrote a song called 'Red,'" Swift said during her live chat. "Thinking about what that means to me and all the different emotions that are written about on this album, they're all pretty much about the kind of tumultuous, crazy, insane, intense, semi-toxic relationships that I've experienced in the last two years . . . There's nothing beige about any of those feelings, so I called the record 'Red.'"

See more: Armless musician plays with Goo Goo Dolls

Swift's next challenge is to dethrone Canadian sensation Carly Rae Jepsen's "Call Me Maybe" from the top spot on Billboard's Hot 100 chart.

Although she has come close to the top many times, Swift has never had a number one single on the Hot 100 and fallen short coming in at number two with such songs as "Today Was A Fairytale" in 2010 and "You Belong With Me" in 2009.

Watch Taylor Swift music videos

Could "Never Ever" be the song that finally gives Swift a number one? We'll have to wait and see, but until then, check out the new lyric video for the catchy break up anthem featured below.

Follow me on Facebook and Twitter @GraceS35