Here's a source from 2011: http://articles.marketwatch.com/2011-02-23/industries/30702421_1_apple-shareholder-ceo-steve-jobs-tim-cook/3 http://articles.marketwa

Here's a source from 2011: http://articles.marketwatch.com/2011-02-23/industries/30702421_1_apple-shareholder-ceo-steve-jobs-tim-cook/3 http://articles.marketwatch.com/2011-02-23/industries/307024... > Peter Oppenheimer, Apple’s chief financial officer, added that the company runs its App Store and iTunes store “just a little over break-even,” to counter claims that the company is trying to use apps to drive up its profits. saurik has also written a few comments about this - see here: http://news.ycombinator.com/item?id=4155998 http://news.ycombinator.com/item?id=4155998 > ...despite their massive volume, Apple's App Store makes sufficiently little profit that they don't even break it out as a separate line item on their 10-Q (instead lumping it under "music related products and services", the same category that handles both iTunes and iBooks)