Apple: Billions of Songs, Billions of Apps, Not Much Profit

Apple is patting itself on the back for delivering 10 billion songs from its iTunes Store. And it frequently boasts about the number of apps customers download from iTunes, as well–the tally is now past three billion. But you won’t hear Apple boast about how much money it’s making from iTunes. Because there’s not much to boast about.

Amazon Delivers: Revenue, Earnings in Line, Bezos MIA for Conference Call

Amazon’s Q2 was just what Wall Street was expecting–which in Wall Street’s perverse logic means that Wall Street will be disappointed. Amazon delivered net sales of $4.65 billion and earnings of 32 cents per share; consensus called for $4.67 billion and 32 cents. Jeff Bezos might have been able to allay investors’ worries, but he was a no-show for the conference call.
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