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Apple does not need to lose money on anything. They might choose to sell music at 1% profit margin, because they're earning 40% profit margin on iCloud backup
by lotsofpulp 2y ago
Apple does not need to lose money on anything. They might choose to sell music at 1% profit margin, because they're earning 40% profit margin on iCloud backup and iPhones.
I doubt Spotify investors will be happy with 1% profit margins.