Forbes.com: Online Music: Download, Listen And Pay | iLounge News

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Forbes.com: Online Music: Download, Listen And Pay

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By Dennis Lloyd

Publisher, iLounge
Published: Wednesday, August 20, 2003
News Categories: Digital Media

“It’s still difficult to tell how much iTunes will boost Apple’s profits. But Charles Wolf, an analyst at Needham and Co., likes the early signs. For example, in the previous quarter Apple sold 304,000 iPods, up from Street estimates of 75,000. Wolf estimates iPods could account for $274 million in revenue in fiscal 2003, or 5% of sales. Apple’s iTunes service should also be helped by a new version of iTunes for Windows users, which should be available later in the year.”

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