Steve Jobs iTunes conference call coverage

Updated
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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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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.