Re:Microsoft CEO Steve Ballmer to retire within 12 months
by lostlogin on Friday August 23, 2013 @04:30PM
(#6266075)
I'm no financial expert at any stretch, however the following occurs to me. My iTunes bill comes at the end of the month. Presumably developers and content producers are paid monthly at a minimum. So Apple must have same very loaded bank accounts by the months end. I have read/heard discussion around how (at a vastly greater scale) Amazon have a similar situation. It might be a relatively low profit area, but it must give a massive fund?
In 2011 it was estimated near 300 million. Now in 2013 it is alleged to be making over a billion:
http://seekingalpha.com/article/1470121-apple-app-store-now-...
Still small potatoes profit-wise, but if the share of actual revenue is that significant, than this is definitely a nice little trend for Apple. To be clear, I think the iTunes and the App store are more of an advantage/differentiator over Samsung in terms of potential (especially in the context of Apple's willingness to make bold steps in new directions). I think I came off as a little too glowing when I described Apple's digital offerings above.