updated 12:15 pm EDT, Fri July 18, 2003
Apple's iTunes Music Store could , claims Needham's analyst Charles Wolf in a report this week. Wolf believes Apple could generate annual revenues of $600 million through its store, and that this figure could increase. He describes the Store as "providing an arguably superior customer experience." While the ITMS does not represent a major income opportunity, Wolf says iPod sales will benefit from Apple's music strategy.