iTunes turns small profit, video iPod denied

Updated
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“Apple Computer Inc.‘s online music store, iTunes, recorded a small profit in the current quarter, according to Chief Executive Steve Jobs (news – web sites).

ITunes is now selling 2.7 million songs a week, or a rate of 140 million songs a year. The company boasts a market share of more than 70 percent in legal online music.

The Cupertino, Calif., company will resist adding video capabilities to its iPod music player.

“It’s the music, stupid,” Jobs said, adding that listening to music can be done in combination with another activity else, while video is a “foreground” activity.”

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Dennis Lloyd

I'm a passionate, long-time lover of Apple products, and was a civil draftsman and graphic designer before creating the iLounge web site. My prior projects include work for The Los Angeles Times' LATimes.com, and the company Creative Domain, where I developed websites for clients including Columbia Pictures, Disney, Fox Studios, Universal Pictures and Warner Brothers. As the Publisher of iLounge, I direct the site's community forums, photo galleries, iPod User Group, and general business affairs, which have grown under my watch to over sixteen million page views every month. I'm happily married with one daughter, one dog (Rocket the Wonderdog), one cat (Ferris), many iPods, iPhones, iPads, and two turntables.