Almost. The site quotes the money that Apple keeps "after paying content owners but before paying for other costs". The 1.3 billion doesn't include paying the r

Almost. The site quotes the money that Apple keeps "after paying content owners but before paying for other costs". The 1.3 billion doesn't include paying the record/movie labels, bands, or app developers, but does include everything else. In other words, "the infrastructure for the store and payments to everyone other than artists and app creators costs $1.3b a year, but Apple's 30 percent cut of everything produces about $1.3b a year in revenue, so it all works out."