Tuesday, July 23, 2013, 03:24 pm PT (06:24 pm ET)
Apple's iTunes brings in $3.9B in Q3, up 25% from 2012In somewhat of a surprise from Tuesday's quarterly conference call, it was announced that iTunes Software and Services generated $3.9 billion, which represents a whopping 25 percent increase compared to the year-ago period.
With strong iPhone sales hitting 31.2 million for Apple's third fiscal quarter, the company's digital sales saw a substantial year-over-year bump in revenue off music, video, apps, and e-books with $3.9 billion in revenue. Despite being down from the record $4.1 billion the service pulled in a last quarter, the number is up 25 percent from the year ago period.
According to the latest statistics provided by Apple CFO Peter Oppenheimer, iTunes billings were at $4.3 billion, while the App Store's best week of the trailing three months was the last week of the June quarter. The executive said some 1 billion TV episodes have been downloaded from the digital storefront since its inception, while more than 800,000 shows, and 350,000 movies, are downloaded each day.
After celebrating the App Store's fifth anniversary earlier in July, Apple noted on Tuesday that the number of iOS titles up for offer has slowly grown to 900,000, 375,000 of which are designed especially for iPad.
Developers have made $11 billion from App Store sales, half of which came from the last four quarters.
Started 10 years ago as a means to bolster Apple's iPod, iTunes has blossomed into a media and software powerhouse. The storefront now pulls in more than five times more revenue than the division it initially supported.
On Topic: iTunes
- Apple fills out iTunes Festival lineup, deadmau5 to kick off event
- Apple expands Volume Purchase Program to 16 new countries in education, business push
- Apple adds 21 acts to iTunes Festival card including Lenny Kravitz, The Script and more
- Apple remembers Robin Williams with iTunes tribute page
- Apple adds Family Sharing support information to iOS, Mac App Store listings