Apple earns less than a nickel per iTunes track
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Record labels are demanding such a large cut from online music sales that several of existing online music stores will eventually be forced to go under, The Independent cautions today.
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How much is two months of fashion-forwardness worth? About $200, judging by Apple's precipitous iPhone price cut on Wednesday -- or a whole lot of customer goodwill, judging by user reaction to Steve Jobs' announcement.
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Apple Computerâs iTunes Music Store sold its 150 millionth song in mid-October, another milestone in its push to stay ahead of digital music rivals such as Microsoft and Dell.
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The new price of 99 cents per song sold online without copy protection puts Appleâs iTunes store closer in line with its rivals.
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Apple today launched iTunes Plus. The new option for iTunes customers features DRM-free music tracks that offer â for just $1.29 per song â high-quality 256 kbps AAC encoding for audio quality indistinguishable from the original recordings. iTunes Plus debuts with singles and albums from EMIâs digital catalog of outstanding recordings from artists such as Coldplay, The Rolling Stones, Norah Jones, Frank Sinatra, Joss Stone, Pink Floyd, John Coltrane, and Paul McCartney, a dozen of whose classic albums are now available on iTunes for the first time.
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Seattle, WA, Aug. 17 (UPI) -- RealNetworks Inc., is taking on Apple Computer&#39;s wildly successful iTunes Music Store with a half-price sale offering music downloads for 49 cents a song.
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CUPERTINO, Calif. -- Downloading music continues to drive strong sales and revenue at Apple Computer as the Cupertino-based company announced Thursday that 150 million songs have been downloaded from its iTunes service.
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RealNetworks says it sold more than three million tracks thanks to an aggressive three-week price promotion in the US. The company halved the cost of tracks to 49 cents in mid-August to try to tempt consumers away from Apple&#39;s iTunes music store.
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Apple announced first quarter financial results, with a net profit of $295 million or $.70 per diluted share. These results compare to a net profit of $63 million or $.17 per diluted share in the year-ago quarter. Revenue for the quarter was $3.49 billion, up 74% from a year ago. Gross margin was 28.5%, up from 26.7% a year ago. International sales accounted for 41% of revenue. [Jan 12, 2005]
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Apple (Nasdaq: AAPL) is making its iTunes service a little more user friendly, by teaming up with eBay&#39;s (Nasdaq: EBAY) PayPal to facilitate payments.
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Apple Inc. Chief Executive Steve Jobs continued his tradition of taking home only $1 in salary in 2007, when he also gained $14.6 million on paper by exercising stock options that were about to expire, according to a filing with the Securities and Exchange Commission.
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A New York Times story published yesterday cited a report from Forrester Research analyst Josh Bernoff, which inferred that since the ratio of iTunes songs sold per iPod sold has been steadily rising, a disconnect could be occurring between the two products in a changing portable media market.
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Pundits have noted that Apple showed only 5% iPod unit growth over last year's Q1, but the real comparison has to include the iPhone, which replaces any potential iPod sale. Even then, growth is slowing.
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Apple Computer Corp is charging its British iTunes customers 17 percent more per download than its European customers, a consumer watchdog group has said.
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Apple's Steve Jobs helped save a sinking music industry, with his iPod and iTunes digital music store. Struggling record labels swallowed hard and accepted his 99-cents-per-song pricing because they had little choice.
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Late and under priced. The Apple iTunes Music Store has now opened for our Canadian Commonwealth friends. However it seems that the news isnât great if you live in America.
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A report into the habits of iPod owners reveals they prefer free music to tracks they have to pay for.