[CUBE] iTunes music store

[David Flory]

On Monday, April 28, 2003, at 07:35  PM, Eagle wrote:

> You know what I wonder?  How is Apple gonna make money at this?  In  
> $0.99 per song, they have to pay for:
> - development of the system
> - credit card transaction fees (possibly 35-40 cents)
> - RIAA licensing fees
> - who knows what else?

According to an article in Fortune, the music companies are getting  
$.65 per track which leaves $.34 a track to Apple for handling the  
process. They'll have to sell a lot of tracks to make much on this.  
That said, it wouldn't surprise me if they did sell a ton of tracks.
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