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Title: Apple's 800M accounts spent $3.29 each last quarter, down 24% Post by: HCK on May 29, 2014, 02:00:04 pm Apple's 800M accounts spent $3.29 each last quarter, down 24%
But the App Store is taking up the slack, and Apple could still bring iTunes to Android. <p>FORTUNE -- "Online services is an underappreciated growth and margin lever for Apple," writes Morgan Stanley's Katy Huberty in a note to clients Wednesday.</p> <p>It's all the more unappreciated because music streaming services like Pandora and Spotify have been cutting into iTunes music downloads.</p> <p>Last quarter, each of Apple's (AAPL) iTunes accounts spent an average of $3.29, down 24% year over MORE (http://tech.fortune.cnn.com/2014/05/28/apple-itunes-morgan-huberty/)<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=tech.fortune.cnn.com&blog=8466345&post=143692&subd=fortunebrainstormtech&ref=&feed=1" width="1" height="1" /><img src="http://feeds.feedburner.com/~r/fortuneapple20/~4/6L0efoiSEN4" height="1" width="1"/> Source: Apple's 800M accounts spent $3.29 each last quarter, down 24% (http://rss.cnn.com/~r/fortuneapple20/~3/6L0efoiSEN4/http://tech.fortune.cnn.com/2014/05/28/apple-itunes-morgan-huberty/#commentshttp://tech.fortune.cnn.com/2014/05/28/apple-itunes-morgan-huberty/feed/atom/) |