Quote:
Originally Posted by davidspitzer
according to their balance sheet last year they sold nearly a billion dollars in music, music movies and mobile apps, sounds like content is doing ok for them
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Yeah, but they've generally kept only a small percentage of the intake on content sales. Last I heard, between half and 2/3 of the price of a song went to the record label that owned the song, rest going to credit card fees and Apple. Once you factor in Apple's expenses, it can be a slim profit margin. I'm not saying they're going broke, but they probably took home only 10% of that billion. Still nothing to sneeze at.