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Per the RIAA, the entire recorded music industry in the US recorded under $7 Billion in revenue in 2014. Apple has north of $20 Billion in cash in the US. The
by nrp 11y ago
Per the RIAA, the entire recorded music industry in the US recorded under $7 Billion in revenue in 2014. Apple has north of $20 Billion in cash in the US. There are likely many reasons for Apple to make the move they did, but it is unlikely cash on hand was one of them.
- rsync 11y ago"Per the RIAA, the entire recorded music industry in the US recorded under $7 Billion in revenue in 2014." Amazing. We think of the RIAA, or "big music" as some kind of juggernaut force in society and politics - especially Internet politics. But their entire industry top line is smaller than what fedex makes in a month.[1] [1] http://www.nasdaq.com/symbol/fdx/revenue-eps http://www.nasdaq.com/symbol/fdx/revenue-eps
- ixtli 11y agoSadly that's still more than enough money to bully individuals :(
- charlesdenault 11y agoThat's astonishing. I'd be interested in seeing some more statistics on the amount of lobbying vs market size compared to other industries (e.g. Transportation, Hospitality, Pharma).
- jdjb 11y agoSomething tells me we'd see a direct correlation between the amount of lobbying and the amount of legal backing your "product" needs in order to have value (copyright protection, patents, brand trademarks, etc).
- maxerickson 11y agoThe months there are dates marking fiscal quarters, so each number is for 3 months. Fedex monthly revenue is a bit less than $4 billion.
- RodericDay 11y agoThis happens all the time in "Uber vs. big taxi medallion cartel" debates.
- reagency 11y agoYou can't compare top-line revenue across industries. Fedex is capital intensive.