iTunes Music Store Shows a Profit
TMO Reports - iTunes Music Store Shows a Profit
by , 6:15 PM EDT, October 11th, 2005
Apple reported that the iTunes Music Store turned a profit in the fourth quarter of 2005, during its quarterly financial statement Tuesday. Customers are purchasing over 1.8 million songs per day, and the iTunes Music Store controls over 80 percent of the U.S. digital music market.
Apple's strong position in the digital music market is good news for the iPod, too, since that helps drive up iPod sales. An Apple representative stated "We believe that selling music helps us to sell iPods, and we are very focused on that."
Other sales from the Music Store and iPod related services and accessories rose as well, up 170 percent year over year.
Apple's stock is down in after hours trading, despite strong earnings this quarter. The stock is currently at 46.16, down 5.43 (10.53%).
- Sat,10:30 AM
- Rachio Iro - The Smart Sprinkler Controller
- Fri,10:00 PM
- Apple Has Starring Role in New Crypto War
- 5:40 PM
- How to Create Signatures in Mail.app in iOS and OS X
- 5:00 PM
- The Reason Why No Company Can Duplicate Apple’s iPhone Appeal
- 3:40 PM
- Wondershare PDFelement for Mac and OCR Plug-In: $39.99
- 1:49 PM
- TMO Daily Observations 2015-07-31: New Apple TV Rumors, Google Defies France
- 10:42 AM
- Google Stands Up to France, Refuses Global “Right to be Forgotten” Order
- 8:56 AM
- iPhone 6 and 6 Plus: Turning Off Reachability
- Thu,6:43 PM
- New Apple TV Hardware Reportedly Coming in September
- 5:10 PM
- Middle Earth: Shadow of Mordor Released for Mac and Linux
- 4:51 PM
- Safari Offers Longer Battery Life than Chrome or Firefox
- 3:10 PM
- How to Use Siri on Apple Watch to Create Immediate Countdown Timer