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”