Thursday, January 21, 2010

Have You Downloaded From the iTunes Store?

One of the reasons we like Apple (AAPL) so much and have made it our largest single stock holding is the remarkable income stream that is still being grown from the iTunes store.  While most observers are still focused on the hardware--phones, ipods, macs, etc--Apple's online retail pipeline is creating enormous cash flow, with great margins.

Keep in mind that these numbers have continued to grow even in the face of the huge retail deacle of the past two years.  How many retailers have increased revenues 50% over the past two years?  None! Impressive, to say the least.

iTunes--stand alone--would be a major online retailer, and it's just a part of the mutifaceted Apple juggernaught.

No comments:

Post a Comment