The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Growing Sales Could Turn iTunes Music Store Into Money Maker

Growing Sales Could Turn iTunes Music Store Into Money Maker

by , 4:30 PM EST, March 2nd, 2005

Piper Jaffray beleives iTunes could begin having a notable impact on Apple's earnings, with operating margins approaching 5% to 10% in 2006, the brokerage firm said today.

The note came on the heels of Apple announcing that it has sold 300 million songs to date. Piper Jaffray estimates Apple has sold 85 million songs this quarter.

The research firm continues to maintain an "opterform" rating on Apple with a $50 target price.

Recent Headlines - Updated October 20th

Sun,11:54 AM
MGG 524: Cool Stuff Found & Yosemite Notes
Sat,10:30 AM
3 More Tips for Making Better Slide Show Presentations in Apple’s Keynote
Fri,5:50 PM
Eek! How Did I Ever Live With an iPhone 5s?
5:15 PM
Apple Posts Full Video for October Media Event
4:15 PM
Sales Prospects for Apple’s iPad Air 2 Look Good
3:12 PM
The Dream Desk Giveaway
2:17 PM
An Ode To Chairman Honeycrisp
2:00 PM
Seidio Tetra for iPhone 6: a Rigid, Gorgeous Metal Bumper Case
1:43 PM
TMO Daily Observations: 2014-10-17
1:32 PM
GigSky Is Apple SIM For Everyone
11:20 AM
Apple’s New iPad Air 2 Available for Online Order
11:05 AM
Apple Drops Mac mini Server from Product Lineup
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!