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Analyst says iTunes is Apple's fourth largest business

Apple's fourth largest business is iTunes, predicted to become third this year

Trace Hagan | Feb 12, 2013 at 6:28 pm CST (0 mins, 40 secs time to read)

According to an analyst, Apple's fourth largest business is iTunes. Horace Dediu from Asymco says that the $13.5 billion in revenue generated by iTunes last year is enough to make it one of Apple's main focuses. According to Dediu, iTunes revenues have been rising "steadily and rapidly."

Analyst says iTunes is Apple's fourth largest business | TweakTown.com

iTunes has apparently managed to have an average growth rate of 30 percent over the past two years. Due to Apple's Mac and iPod businesses shrinking, Dediu predicts that iTunes could soon become Apple's third largest business. Whether or not this negates the RIAA's argument that pirating is bad, it can be shown that digital sales are certainly growing despite pirates.

"Indeed, if seen in isolation, iTunes plus Accessories combined is a bigger business in terms of revenues than any of the other phone vendors except Samsung," Dediu said.

Last updated: Apr 7, 2020 at 11:32 am CDT

NEWS SOURCE:news.cnet.com
Trace Hagan

ABOUT THE AUTHOR - Trace Hagan

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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