Apple does not make money on iTunes

Fri, 7 Nov 2003 • Links

However, Apple doesn’t make money on iTunes. It goes to the RIAA and credit card companies.

Update: 24 Apr 2007 – Looks like Apple is making money on iTunes after all. They’ve renegotiated agreements, especially with credit card companies, and make as much as 10 cents per song.

Comments

drew 15 Feb 2011 2:08 am: it obviously does its a company from what revenue they get get say 1.5 B they would give alot to companies (who then takes some and gives it to the artists) and they’re left with around 500 M and then thats what they earn