iTunes Line (music/apps/software/service/books/accessories) NOW ~$20B RUN RATE
That's up from more like $12B a year ago... fun reply to "AAPL has stopped growing" bs.
So long, break-evenMAR 22, ’13 2:48 PM
And check out that ipad growth! HUGE
iTunes store will be 10 years old next month. From its inception Apple has stated that it aims to run the store “at break-even”. The business has grown so rapidly however that its profit-free nature has come under severe pressure.
The reasoning goes that as more media types have been added costs have increased but revenues have increased even faster. Consider the estimated gross revenue base as shown below: