There were some rumors earlier this year about how iTunes sales tanked in the first half of 2006, despite the release of multiple new iPods. Today, Apple announced that this statement is “simply incorrect” and that iTunes sales are still as strong as they ever were. However, They would not release any statistics on total revenue or sales quantity.
What we do know is that the iTunes store reportedly earned a profit from September to November of 2006, but many financial companies doubt what Apple is reporting, saying there is very little to no room for profit with low profit margins and costs such as credit card fees and others.
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