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"iTunes and App Store are still running a bit over break-even." — Peter Oppenheimer (Apple CFO) (via http://www.techcrunch.com/2010/01/25/apple-q1-2010-results
by grinich 17y ago
"iTunes and App Store are still running a bit over break-even." — Peter Oppenheimer (Apple CFO)
(via http://www.techcrunch.com/2010/01/25/apple-q1-2010-results/ http://www.techcrunch.com/2010/01/25/apple-q1-2010-results/ )
- deleted 17y ago[deleted]
- evgen 17y agoFor a company whose main product lines throw off massive amounts of cash "a bit over break-even" is SEC-speak for "loss leader." If they ran for too long as money-losers then Apple would be more vulnerable to predatory pricing attacks based on the closed nature of both products, as long as they barely make money then Apple has better protection.