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View Full Version : iTunes music store sells over 1 million


Ioman
05-06-2003, 10:41 PM
http://news.designtechnica.com/article336.html

"Over half of the songs were purchased as albums, dispelling concerns that selling music on a per-track basis will destroy album sales. In addition, over half of the 200,000 songs offered on the iTunes Music Store were purchased at least once, demonstrating the breadth of musical tastes served by Apple's groundbreaking online store. Apple also reported that over one million copies of iTunes 4 have been downloaded, and that it has received orders for over 110,000 new third-generation iPods since their introduction a week ago, with music lovers snapping up more than 20,000 of them from stores in the U.S. this weekend. "

Apple is making a $1 dollar per song off of this which equates to 1 million dollars in their first week. Not bad, now they are thinking. Dell is going the way of the electronics store and Apple the way of the music store. Way to go Apple, your iPod rocks and now you have found a new revenue stream.

If I was a big investor, I would spill some beans on Apple.

ECA
05-06-2003, 10:52 PM
I talked to a friend about this type of business.
It can work. Esp, if they use the wav format over the MP3 format. Its easy to convert to MP3, and you cover a Wider market. But as for apple doing it, they have found a Niche market that will spread FAST.

Archon
05-06-2003, 11:07 PM
http://bbspot.com/News/2003/05/itunes.html

Ioman
05-07-2003, 11:46 AM
Originally posted by Archon
http://bbspot.com/News/2003/05/itunes.html

I don't think it proves that Apple users will over pay for anything at all. In fact, I have no problem spending $1 per song to build a compilation CD of the artists I like. It is better than spending $16 dollars on a CD with one or two good songs on it. Smart idea by Apple. And for those that are paying for the music, good for you, you are supporting a great idea which is the way it should be.

questionlp
05-07-2003, 01:45 PM
I think what Apple has done is a large step in the right direction: decent prices (either $0.99/song or $9.99 for a whole CD), decent quality (192kbps would have been better, or even 160kbps VBR Ogg ;)), and loose restrictions on what you can do with the AAC file once you have purchased it.

The fact that you can burn the AAC song as many times as you want onto a standard Audio CD (in which you can rip back into a high bitrate MP3/Ogg or use FLAC for lossless compression) which then be played back on _any_ CD player!

I really have to congradulate Apple on that and I know that 133ch3rs will never be satisfied even if the tracks were $0.25 a piece and didn't have any DRM. That all those people are: freeloadin' leachers. I pay for my music by purchasing CDs and going to concerts, even though both are overpriced; just too bad that most of the money goes to the fat capitalist pigs that are the label execs and the RIAA rather than the artists.