Steve Jobs iTunes conference call coverage

Head to MacMinute.com for live coverage of the iTunes Music Store anniversary conference call. There is an extensive list of news briefs from the call.

Some highlights courtesy of MacMinute:

  • Jobs: The iTMS had a small profit this past quarter—0-70 million in one year is a good figure.
  • Jobs: Music is background activity—movies are foreground activity—music is the revolution here.
  • Jobs: we have to stay focused on the fact that people are buying iPods for music.
  • Jobs: (joking): next big step is we want iPod to make toast. Toying with refrigeration, too.
  • Jobs: upward trend in iPod sales—Apple is the only company in world offers unbeatable combo of iPod, iTunes and iTunes Music Store.
  • Jobs: subscription services not succeeding—$1 to listen to a song for the rest of your life. People want to own music, not rent it—you own it… subscriptions make you pay over and over.
  • HP expects to ship 8 million copies of iTunes on their desktops this year.
  • Labels never asked for iTMS downloads to play on any other device besides iPod, says Jobs.
  • Price is remaining 99 cents per song
  • “Gonna help us a lot in the Windows market,” says Jobs. (WMA to AAC converter)
  • Jobs: “Largest online catalog in the world. “Number one online music service in the world,” so “exceeded our wildest expectations”

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