Apple does not make money on iTunes

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.

  1. drew says:

    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