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<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%