Apple Income: 8 Billion & Counting

Kudos to Apple and its iTunes store that just hit 8 billion song downloads. That’s 8 billion in 6 years. They are now averaging more than 2 billion song sales per year. Apple takes roughly 30% of each song sale. That’s $2.4 billion in sales. Not bad when the rest of the record industry is in shambles and most people are downloading for free.

And that’s not even counting the tv shows, movies, and podcasts that are sold. And the iPhone upgrade allows for the possibility of downloading songs, movies, and tv shows directly to the mobile device. We will continue to see this 8 billion number jump until a viable alternative is created.

Stay tuned,
Erik
erikrostad.com
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