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Re: TREOTREO post# 7916

Wednesday, 07/02/2008 7:44:48 PM

Wednesday, July 02, 2008 7:44:48 PM

Post# of 27745
Treo said-
"1. itunes has not been profitable until this year, & now only marginally. itunes was created for the secondary purpose of keeping consumers locked into the ipod."

Volume has been growing logarithmically. Of the 5 billion songs sold since inception, around 3 billion occurred in the last 15 months.

And, at least according to this-
http://blog.wired.com/music/2008/03/apple-apparentl.html

...profit seems hardly marginal now, with a gross margin of 30% per song and $570 in profit in 2007. But, I have no idea how reliable "Wired" reporting on a "Billboard" story really is. Unfortunately we can't get the answers from 10-k/q's either, unless someone in here is more talented using EDGAR than I..


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