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Apple's iTunes generates $3.9 billion of revenue in Q3 alone

Apple sees huge success with iTunes in Q3, revenues up 25% from 2012 at $3.9 billion for Q3 2013
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jul 24, 2013 3:31 am

We posted earlier about Apple's record iPhone sales for Q3, among their strong earnings, but iTunes' revenue was also strong. Year-over-year revenue is 25% higher, at $3.9 billion for Apple's Q3 2013.

 

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Last quarter, iTunes pulled in a record $4.1 billion in revenue, so they've seen a slight slump in sales. Maybe this is because streaming services like Spotify are slowly but surely chomping into Apple's digital sales through iTunes? Apple CFO, Peter Oppenheimer, has said that over 1 billion TV episodes have been downloaded since iTunes opened its digital doors to the public.

 

Each day, iTunes pushes out over 800,000 TV shows and 350,000 movies. Apple are definitely enjoying good times with iTunes, but are those good times coming to an end, slowly? We'll find out over the coming months.

NEWS SOURCES:Appleinsider.com

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