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iTunes Music Store Sells Over One Million Songs in First Week
In a press release today, Apple announced that over the course of one week, they have sold more than one million songs.
“Apple(R)(Nasdaq: AAPL) today announced that its revolutionary iTunes(R) Music Store sold over one million songs during its first week. Over half of the songs were purchased as albums, dispelling concerns that selling music on a per-track basis will destroy album sales. In addition, over half of the 200,000 songs offered on the iTunes Music Store were purchased at least once, demonstrating the breadth of musical tastes served by Apple’s groundbreaking online store. Apple also reported that over one million copies of iTunes 4 have been downloaded, and that it has received orders for over 110,000 new third-generation iPods since their introduction a week ago, with music lovers snapping up more than 20,000 of them from stores in the U.S. this weekend.”
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1
Wow! This is great for Apple!
I just hope it gets on Windows soon!
Max.
Posted by Max in Montreal Canada on May 5, 2003 at 7:49 AM (PST)
2
shame they didn’t include a reference to the thousands of complaints they have recieved by people wanting a 2.0 update for old iPods >:[
Posted by Fusen in UK on May 5, 2003 at 7:56 AM (PST)
3
How does that relate to the music sales? The 1.3 update lets you use the new iTunes on the old iPods. And they are going to release a Windows version, this year.
Most companies only offer free updates through that version number (ie 1.0-1.99) but not to the next whole version. (ie 2.0) Why should Apple be any different? Yeah, it sucks, but it’s nothing new.
Posted by shaun3000 on May 5, 2003 at 9:22 AM (PST)
4
Well if you reread the article you will see it includes the number of new model ipod’s sold so far so that is where I based my comment from and also take Ahead nero burning software for example they have been giving updates since it first begun and they are on 10.x now.
Posted by Fusen in UK on May 5, 2003 at 10:55 AM (PST)
5
Rumor has it that iPod software/firmware 2.0 WILL be available for older iPods, but we’ll just have to wait a while. The new iPods are different hardware in some ways, so the same exact firmware updater won’t work. I’m sure they put getting the new junk on the iPods about to be released at a way higher priority than getting it on existing iPods, but that doesn’t mena that it won’t happen. My prediction for iPod software 2.0 for gen 1&2 iPods: mid-summer.
Software 1.3 has the MOST important thing I wanted anyway, AAC support. The rest is just extra stuff.
- JonYo <-just bought a new 30GB iPod :^)
Posted by JonYo in Pleasanton, CA on May 5, 2003 at 1:48 PM (PST)
6
Calculus 101:
$1M / week = $52M / yr * ~30% =~ $16 M / yr *90% =~ $14M / yr
30% of the gross income is what apple keeps.
90% of the gross profit minus upkeep.
OK, apple added 14Mil to the bottom line. IBM sells one dingy server and makes more profit. It’s not going to keep apple alive.
But it goes a long way towards goving them some face.
Posted by pbox on May 5, 2003 at 2:19 PM (PST)
7
Advanced Calculus 201
110,000 online iPod order + 20,000 retail iPod sales = 130,000 iPods in one week.
For argument’s sake, average price of iPod is $399.
130,000 * $399 = $51,870,000 in one week
I bet a lot of people bought new iPods because Apple got them excited about music again. iTMS is about getting people excited about music and the sales of iPods certainly isn’t chump change.
Posted by Paul on May 5, 2003 at 5:15 PM (PST)
8
Tell you what Apple is going to gain with all this activity. I have been using Windows PC’s for over a decade…never owned a Mac. in the last week I purchased an iPod and now Apple hardware has me hooked. I am considering purchasing an iBook or PowerBook so I can try out the “dark side”
Posted by CodeSmith in Georgia, USA on May 7, 2003 at 12:48 AM (PST)