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Friday, November 7, 2003

the brutal economics of itunes

the register has an article that sheds some light on the brutal reality of the online music business. steve jobs is on the record, and the bottom line is this: even with with 80% market share, itunes makes no money. and they’re not making up for it in volume.

update: the recording is available here.

update (2003.11.20): ryan has a recent comment and a bit of a prediction on the subject. (and we’re on the same frequency when it comes to the death of the cd – “people will continue to buy CD’s”

posted by roj at 4:02 pm