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Forbes.com: Update 1: Apple ITunes Sells 250 Million Songs

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Forbes.com: Update 1: Apple ITunes Sells 250 Million Songs
Topic: Miscellaneous 4:06 pm EST, Jan 25, 2005

] With its music downloads selling at a rate of more than a
] million per day, Apple Computer Inc. said Monday
] customers have purchased more than 250 million songs from
] its online iTunes Music Store.

Talk about volume. Apple was excited to sell its first million... now it is about 1.25m/day.

[ That's really excellent. The questions I see now are, how much money does that represent for Apple, how much for the labels, and at the greatest level, how much for the artists?

If the store ends up driving iPod sales, then Apple wins, i'd say, which is why, of course, they don't want to let you play those tracks on your Rio. They sold 807,000 iPods last quarter - about a quarter billion dollars worth of revenue. (According to Forbes Apple's sold 10 million iPods for about 2.8 billion dollars in the past 2.5 years.) The math's not hard there. -k]

Forbes.com: Update 1: Apple ITunes Sells 250 Million Songs



 
 
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