iTunes turns small profit, video iPod denied

“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.”

Share on facebook
Share on twitter
Share on reddit
Share on linkedin
Share on email
Share on whatsapp