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Michael considered fate at 14:31   |   Permalink   |   Post a Comment
Apple's Japanese division of the iTunes Music Store sold 1 million songs in it's first four days:
"We've known that about (400,000 to 500,000 songs) per month is what all the other online music stores in Japan have been doing. The majority of that being Mora," Eddy Cue, Apple's vice president of applications, told Reuters in a phone interview.

"So the fact that we've already done two times that in the first four days is something that we are very, very pleased with."
Umm, yah, I'd be pleased. Everyone keeps stressing that iTunes by itself is not a big money maker for Apple and that it's meant to be a marketing tool to sell iPods but come on. Who knows what the operating and licensing costs are but they just scored US$1.4 million in revenue in 4 days. 4 days is less than the time it took the initial U.S. opening to sell 1 million tracks - almost a week - and Japan is roughly 42% the size of the U.S. population wise. With total downloads of over 500 million songs internationally since the iTunes store opened Apple has likely gleaned about $500 million in revenue, give or take, which is ~4% of it's total yearly revenue of 12.6 billion - sure, a small amount but not to be discounted altogether, no? The thing to remember here is that while iPods might be a great money maker, they also break, bread dissatisfied customers, and wreak havoc in the customer support department. I don't know about iTunes but, barrring DRM complaints, how angry can someone get at an mp3?


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