Tuesday, November 16, 2010

Beatles Songs Expected to Go On iTunes - NYTimes.com

Think different

Still, while getting access to the Beatles catalog has plenty of symbolic significance, it is unlikely to bolster the company’s bottom line.

“It is very symbolic because Steve Jobs is a huge fan of the Beatles,” said Tim Bajarin, an analyst with Creative Strategies, who has been following Apple for more than two decades.

But for all the success of Apple in becoming the largest distributor of music on the Internet, the iTunes store is not a major source of profits for the company. Apple executives have said that iTunes is roughly a “break-even” operation.

Beatles Songs Expected to Go On iTunes - NYTimes.com

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