i am an unrequited astronomer, pretend patient, gentle adventurer, pedal enthusiast, recovering calligrapher, occasional thespian and unfinished poet living in portland, oregon. contacting me via email is usually a good idea.
i was wondering what the per-dollar breakdown was on the itunes music store, and thanks to time magazine's "coolest inventions 2003" story, i now know:
"Jobs has one more reason not to be concerned about the competition. "The dirty little secret of all this is there's no way to make money on these stores," he says. For every 99¢ Apple gets from your credit card, 65¢ goes straight to the music label. Another quarter or so gets eaten up by distribution costs. At most, Jobs is left with a dime per track, so even $500 million in annual sales would add up to a paltry $50 million profit."