10/23/2007, 1:40pm, EDT
Tuesday, October 23rd
Music is 36% of Apple revenue, 3 billion songs sold
Apple's iTunes Store is still dominating digital music sales in the U.S., according to one survey cited by Apple CFO Peter Oppenheimer, accounting for around 85 percent of digital sales nationwide. The Cupertino-based company on Monday during a conference call announced that it has sold a whopping 3 billion songs via the iTunes Store alongside more than 100 million TV shows; music revenues--including the iPod--accounted for 36 percent of the company's total revenue during its September quarter.
Digital music sales are increasing as customers become more familiar with the new concept of purchasing tracks online vs. physical media like DVDs and CDs. Digital music accounted for roughly 17 percent of all music sold globally during the first half of 2007, according to ISPI Market Research, up from 11 percent last year. Apple yesterday said it believes that the company's iTunes Store was instrumental in this growth, and NPD Market Research confirmed that Apple maintained its title as the third largest music retailer, beating out brick-and-mortar giant Target and online sales behemoth Amazon.
Filed under: iPod
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Related to music, yes ... but that just seems misleading to say that 36% of reveune is "from music" ... at least to me that made it seem like you were talking specifically sales from iTMS.
misleading article
false logic
just typical macnn spin...
except spin requires an agenda
so whats the agenda??
Nowadays, there is no reason for the RIAA and its members to exist. Manufacturing, of digital products, not a concern. Distribution, handled by iTunes. 17% online...will eventually be a majority online, to almost all online...the writing is on the wall.
Would you hire a loan shark, if you didn't have to? Bands don't need the record companies...right now, people still think its your ticket to success, but all it will take is a few bands getting successful without them....then, when the general understanding is, I have a choice, to become a success like this band: and maintain control and profits...or become a success like this band: slave to record companies.
Well, it only takes a few pioneers, and then its all over.
I have no problem with that connection, why do you?
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At .99 that still only amounts to ~$1 billion which is not 34% of $6 billion.