Apple's iTunes Store ahead of 10th anniversary, store hits record $4B in revenues for Q2
With the 10th anniversary of the iTunes Music Store coming up this Sunday, Apple on Tuesday reported its digital storefront, which now includes music, video, apps, and e-books, hit record-breaking revenues of over $4.1 billion for the second quarter of 2013.
The huge number contributed to the total $9 billion that iTunes has managed to accumulate over the past, and includes software and services like the iOS App Store.
iTunes media sales reached $2.4 billion, up 28 percent year-over-year, while combined app and service sales bumped the figure up to $4.1 billion, up 30 percent from the year ago period.
According to Apple CFO Peter Oppenheimer, research showed purchases from the iOS App Store accounted for 74 percent of app sales over all platforms, including Google Play for Android. The executive put that number into perspective, and said 800 apps are downloaded every second, which translates to nearly 70 million downloads a day.
The app store now reaches 90 percent of the world's population, Oppenheimer said, and is available in 155 countries. There are now over 850,000 iOS apps in the store, 350,000 of which are tailored for iPad.
As of the second fiscal quarter of 2013, iTunes now offers 35 million songs in 119 countries, 60,000 movies in 109 countries and 1.7 million iBook titles.
Apple also said that payouts to app developers has reached $9 billion since the App Store initiative launched in 2008, and the company is currently meting out some $1 billion per quarter to app makers.
The huge number contributed to the total $9 billion that iTunes has managed to accumulate over the past, and includes software and services like the iOS App Store.
iTunes media sales reached $2.4 billion, up 28 percent year-over-year, while combined app and service sales bumped the figure up to $4.1 billion, up 30 percent from the year ago period.
According to Apple CFO Peter Oppenheimer, research showed purchases from the iOS App Store accounted for 74 percent of app sales over all platforms, including Google Play for Android. The executive put that number into perspective, and said 800 apps are downloaded every second, which translates to nearly 70 million downloads a day.
The app store now reaches 90 percent of the world's population, Oppenheimer said, and is available in 155 countries. There are now over 850,000 iOS apps in the store, 350,000 of which are tailored for iPad.
As of the second fiscal quarter of 2013, iTunes now offers 35 million songs in 119 countries, 60,000 movies in 109 countries and 1.7 million iBook titles.
Apple also said that payouts to app developers has reached $9 billion since the App Store initiative launched in 2008, and the company is currently meting out some $1 billion per quarter to app makers.
Comments
Quote:
Originally Posted by lilgto64
DOOOOMED
I've asked this question of a couple of C|net trolls...
What do you do in the morning when you wake up and find out that Apple is still here? I've never gotten a response.
Originally Posted by lkrupp
What do you do in the morning when you wake up and find out that Apple is still here?
Fills 'em with existential dread, that does.
They need Apple just like many here need Android, because what else would they talk about?
Cry or curse.
Bad trolls are bad!
Quote:
Originally Posted by Amrut223
I find it funny you all think Apple is doomed and because iTunes runs at a minimal profit it must also fail. Not going to happen, It's the only decent way to view TV/Movies and listen to music online and actually keep what you download.
Bad trolls are bad!
You must be new to AI. "Apple is Doomed" is something that Apple haters used to mention frequently. So, "Doomed" is mentioned everytime good news came up.
I just checked my purchase history and my first purchase was in May 2003 so I have been with iTunes pretty much the whole journey.
The real exciting thing for me was when they introduced HD movies because I hadn't bought a Blu Ray player yet, so I promptly grabbed my stack of DVDs and went searching through iTunes for HD versions. I am now at the point where the majority of my movie collection is HD and in iCloud.
Quote:
Originally Posted by ascii
I just checked my purchase history and my first purchase was in May 2003 so I have been with iTunes pretty much the whole journey.
The real exciting thing for me was when they introduced HD movies because I hadn't bought a Blu Ray player yet, so I promptly grabbed my stack of DVDs and went searching through iTunes for HD versions. I am now at the point where the majority of my movie collection is HD and in iCloud.
I belong to the dying breed that prefers physical copies. I have bought a lot of music from iTunes since the iTMS opened in India, but am yet to buy a single movie. The price of buying or renting a movie is high enough for me to consider a physical copy instead. And I love special features and am a sucker for special edition home video releases, so it may be a while before I start buying movies from iTunes.
If only Apple had a Match service for movies...
Quote:
Originally Posted by BestKeptSecret
I belong to the dying breed that prefers physical copies. I have bought a lot of music from iTunes since the iTMS opened in India, but am yet to buy a single movie. The price of buying or renting a movie is high enough for me to consider a physical copy instead. And I love special features and am a sucker for special edition home video releases, so it may be a while before I start buying movies from iTunes.
If only Apple had a Match service for movies...
Fair enough. Yes, one advantage of physical copies is no data management issue like lots of big files creates. But one advantage of digital copies is free upgrades to new technology. For example when iTunes upgraded their database from 720p to 1080p all my movies were upgraded for free. I am also hoping that when H.265 becomes the main codec, all my H.264 movies will be re-encoded by Apple and become sharper with higher bitrate. But they may just decide to keep the quality constant and make the file sizes smaller, who knows. And maybe when 4k becomes standard my 1080p movies will be upgraded for free, but that's probably a dream, I suspect they will charge for that one!
Yes movie match would be amazing, but a bit too late for me since I already repurchased most of my movies.
Originally Posted by ascii
For example when iTunes upgraded their database from 720p to 1080p all my movies were upgraded for free.
Hang on, I need to go get something to drink so I can spit it out everywhere. This totally didn't happen for me.
Quote:
Originally Posted by Tallest Skil
Hang on, I need to go get something to drink so I can spit it out everywhere. This totally didn't happen for me.
Oh. Well any that I originally purchased as SD stayed as SD, but any I had purchased as HD (720p) freely became HD (1080p).
Originally Posted by ascii
Oh. Well any that I originally purchased as SD stayed as SD, but any I had purchased as HD (720p) freely became HD (1080p).
Hmm. Well, that's neat at any rate. You're right; no one else would do that.
I wonder if, when Apple finally offers ALAC for purchase, they'll allow free upconversions there.
BA HA HA HA HA HA HA! They won't be able to.
Quote:
Originally Posted by Tallest Skil
Hmm. Well, that's neat at any rate. You're right; no one else would do that.
Yes, it's the one key argument against people who prefer hard copies. At a stretch, Blu Ray player makers could make a new ROM available that includes H.265 or other new codec, but they will never mail you out 100 replacement disks for your old movies for free.
Anyway I am amazed iTunes is 10 years old already and can't wait to see what it's like 10 years from now.