Analyst: App Store Just 1 Percent of Apple Profits
Although Apple had said it runs its App Store and iTunes at near break-even, we now know the App Store, while wildly popular with users, contributes just 1 percent of the Cupertino, Calif. company’s gross profits. That, and many other interesting insights into the App Store’s balance sheet come from Piper Jaffray analyst Gene Munster.
In [...]
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