Apple iTunes has just achieved a remarkable feat a moment ago, thanks to a user who just got the 10 billionth song ever downloaded from the music store. The countdown to the 10 billionth song was started earlier this month, and it was Apple’s way of celebrating such a remarkable experience. Meanwhile, whoever got to download the 10 billionth song from iTunes will win a $10,000 iTunes Gift Card.
So while we await for the announcement of the winner, why don’t we all take a look at some numbers after the iTunes was opened in 2003. Â Almost seven years, Apple has suceeded in making the iTunes as a premiere online music store despite its exlusivity to Apple music and mobile devices. It only goes to show that while Apple is making the iTunes popular and so were its products. And for that, Â we all should commend the company, no matter how much you may like or dislike iTunes.
Last quarter, iTunes generated some $520 million in revenues. In terms of profitability, total revenues generated so far by iTunes barely surpassed the break-even point. But that’s just beside the point since we all know that Apple created the iTunes to support its main business – selling hardwares. And it did while at the same time achieving a commendable feat in selling digital music.
Anyway, in case you’re interested to know the most downloaded song from iTunes happens to be Black Eyed Peas’ I Gotta Feeling. Now this is another an interesting achievement for the band but that’s another story.
Originally posted on February 24, 2010 @ 6:26 pm