BW pushes for iPod/iTunes spinout/IPO
updated 09:00 am EDT, Wed May 5, 2004
iPod/ITunes spinout/IPO
An will allow Apple to cash in on the success and hype surrounding Apple's portable music player and iTunes Music Store, according to BusinessWeek Online: "If Apple were to spin out a minority stake of its iPod business, it could rake in big bucks in an initial public offering. With the iPod on track to become a $1 billion business in the next year or so, Apple could expect to pull in at least that amount by selling a 40% stake. Then, Jobs could let someone else run the daily operations and the music side of things, including iTMS. This would be great because Apple more than ever needs to focus not just on the Mac platform but on Microsoft's Windows, too."






Fresh-Faced Recruit
Joined: Mar 2000
Good idea! Apple should..
...do it right after Microsoft spins out it's Office products.