Spare Any Loose Change For An Innovator?
November 7, 2003 12:32 PM Subscribe
The hugely popular
iTunes is a success story. But not for Apple, which makes
virtually no revenue from the online download service.
"
When that 99 cents leaves your wallet, the RIAA monopoly swallows most of it, and the credit card companies swallow the rest. As the supplicant in this relationship, Apple is left holding the can." Steve Jobs -
"
We would like to break even/make a little bit of money but it's not a money maker,"
posted by Blue Stone (57 comments total)
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While I bear no love for the RIAA, bear in mind that everyone who wishes to play a track purchased from the ITMS must either download iTunes, or purchase an iPod. Not too shabby for Apple's bottom line, if you ask me.
posted by aladfar at 12:47 PM on November 7, 2003