The Independent.co.uk claims Apple makes just four cents on every 99 cent sold track on iTunes, while the labels make 62 cents -- double the profit made on sales of CDs.
ITunes: Labels Raking It In
The Independent.co.uk claims Apple makes just four cents on every 99 cent sold track on iTunes, while the labels make 62 cents — double the profit made on sales of CDs. “Record companies are taking such a large cut from tracks sold online that many of the burgeoning online music stores will go out of […]
