Apple Music Store sells 275,000 tracks its first 18 hours

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Accordng to Billboard magazine, Apple's new Music Store sold a whopping 275,000 tracks during first 18 hours of operation... That works out at over four tracks sold every second...

Billboard bases the claim for the number of Music Store tracks sold on comment from sources within major music labels.

Billboard also alleges that at least two labels have signed up for Apple's upcoming Windows version of Music Store. We'd have thought Apple would have built such a licence into its agreement with the labels from the word go, but maybe that's not the case.

Apple is charging punters 99 cents per track. It is yet to be published just how much of that goes to artists (performers and composers), how much to the labels and how much is left to Apple...

The Register's runor mill has been in full motion, with many of it's readers pointing out a recent Forbes article stating Apple takes on average 35 cents for each track it sells - so our guestimate's not so far off.

On that basis, Apple added $99,000 to its Q3 revenue tally during the first 18 hours the Music Store was open to the public. If it can keep that up throughout the quarter, it will make a significant, multi-million dollar contribution to the company's bottom line (though its own costs of sale have yet to be deducted). It's not a patch on hardware revenues, but every little bit helps in these tough times.

News source: The Register

View: Billboard - New Apple Service Off To Quick Start

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#1 Elite_graphix on 01 May 2003 - 20:27

thas alot of tracks..and alot of money...

(3 replies) #2 puredeath on 01 May 2003 - 20:30

Well, if you can make a mac junkie pay 5k for a sub-par box, then I guess you can sell him/her anything... I'm sorry, but that's the truth.

#2.1 insurgent on 01 May 2003 - 20:48

Which "sub par box" are you looking at that costs $5k? I don't see many home users with Xserves, so where are you gettings your price lists from?

#2.2 Colonel Sanders on 01 May 2003 - 21:37

puredeath....sounds like your jealous. You just had to put in a negative comment, and especially one like that.

#2.3 lexor on 02 May 2003 - 02:00

guys I think he means Canadian prices, a powerMac can go ove $10000 CND

(3 replies) #3 xontroulis on 01 May 2003 - 20:35

99 cents per track is TOO much... e.g. lets say the average CD has 10 tracks and costs $9.99 that's the same price with the apple music store and you don't get a CD, a CD case and the booklet..... of course you pay for your internet connection,for your burner,for CD media (extra costs for you) Why not just buy the original CD? the only advantage I can think of is that instead of buying a full album you can only buy the tracks you like

#3.1 insurgent on 01 May 2003 - 20:54

Not every cd is $9.99. Some are less, some are more, but on average, most cd's I've seen on there that are selling for $9.99 have more than 10 tracks. But you're right about only buying the ones you want, which is what I've done so far. You guys will be able to get a better grasp of it when you can actually use it.

#3.2 SanGreal on 01 May 2003 - 21:02

[neoquote=#3.0 by xontroulis]the only advantage I can think of is that instead of buying a full album you can only buy the tracks you like[/neoquote] bingo

#3.3 jkuy9 on 01 May 2003 - 21:54

I agree however there are other costs with internet purchased music that you dont get when buying it on CD, such as bandwidth prices, etc. I would like to see a 10-20% drop in the price of an album before I will buy it online. Until then I will continue to use usenet

#4 EnIgMa-PenGuIn on 01 May 2003 - 20:44

allows for selection..... gives them money. eh like they care..... more fool the ppl who by their tracks instead of a cd

(4 replies) #5 btallack on 01 May 2003 - 21:01

I wonder what the RIAA will think of this...

#5.1 Cara on 01 May 2003 - 21:42

Give that the Music Store is in cooperation with the music labels? The RIAA will probably praise Apple for their efforts to provide a legal way to distribute music online.

#5.2 insurgent on 01 May 2003 - 21:43

Courtesy of the Associate Press; [quote]Even Hillary Rosen, who as CEO of the Recording Industry Association of America (RIAA) has led the fight against Napster and it's free online music-swapping successors, called Apple's new service "cool, cutting edge" in a statement.[/quote] [URL=http://www.clarionledger.com/news/0304/29/b08.html]full article here[/URL] Btw, I'm not going around looking for all these articles, a bunch of them were listed on the MacAddict homepage. I'm just spreading the wealth. Btw, Hillary Rosen owns an iPod.

#5.3 macrosslover on 02 May 2003 - 03:04

[neoquote=#5.2 by insurgent]Courtesy of the Associate Press; [quote]Even Hillary Rosen, who as CEO of the Recording Industry Association of America (RIAA) has led the fight against Napster and it's free online music-swapping successors, called Apple's new service "cool, cutting edge" in a statement.[/quote] [URL=http://www.clarionledger.com/news/0304/29/b08.html]full article here[/URL] Btw, I'm not going around looking for all these articles, a bunch of them were listed on the MacAddict homepage. I'm just spreading the wealth. Btw, Hillary Rosen owns an iPod.

[/neoquote] and associating her name with Apple is something to be proud of??? you all have sunk to new lows, you disappoint me

#5.4 insurgent on 02 May 2003 - 03:22

Oh gee, I've disappointed you. However shall I sleep tonite?

(1 reply) #6 Jstphish on 01 May 2003 - 21:06

Why do you think they are bidding for Universal?

#6.1 insurgent on 01 May 2003 - 21:35

That was an unfounded rumor, since proven to be false.

#7 redrope on 01 May 2003 - 21:30

Wow. And people thought Apple was dying. They are going to be pretty big one day imo. A lot bigger than they are now. I will probably use this service. It would be cool if you could download an album for like 4 or 5 bucks. Discount for the CD.

#8 tylershaw on 01 May 2003 - 22:05

Apple is [B]not[/B] a stupid company. How else can you explain a company that stays around for so many years and every year people claim that they are dying? Their stock may not be high right now but they keep pumping out new hardware, software, and innovative technology. This is an excellent move for them and I really haven't seen anything like it yet (with the exception of a legal Napster). People watch Apple - whether it's for new products or to get a laugh at their processor speeds and see what they're up to. But the fact is still the same: consumers always want to know what they are doing.

(3 replies) #9 xStainDx on 01 May 2003 - 22:48

$0.99 x 275,000 ? = $272,250.00

#9.1 superfula on 01 May 2003 - 22:53

Not a bad haul...especially for just one day of business

#9.2 DigitalFreedom on 02 May 2003 - 01:16

yeah, but thgey only getb to keep 99,000$ because of the royalties they have to pay the artists

#9.3 superfula on 02 May 2003 - 05:38

[neoquote=#9.2 by DigitalFreedom]yeah, but thgey only getb to keep 99,000$ because of the royalties they have to pay the artists[/neoquote] Did you get this figure from someplace official, or is it just a random dollar amount?

(2 replies) #10 Gary_Player on 02 May 2003 - 03:51

Who the fargin A would BUY music anymore? Especially ONLINE...defeats the whole purpose of the internet: sharing information...and music is most definetly a type of information

#10.1 insurgent on 02 May 2003 - 04:02

Dunno. Looks like some people spent $275,000 to do so though, myself included.

#10.2 Cara on 02 May 2003 - 06:53

If I didn't know better Gary_Player, I'd think you're admiting to Piracy.

#11 beatlesdb on 02 May 2003 - 05:39

WOW - 275,000 downloads - and that is just the Apple dudes - wait till it's available for windows - this proves that the RIAA was full of S**T in insisting that it was the P2P community stuffing up their profit line - they should have looked at ways to embrace the internet community long ago instead of trying to alienating them.

#12 Thebuggerguy on 03 May 2003 - 02:53

I wouldnt buy anything music even if it costs 5 cents! You can download it free from kazaa! Why would you bother with anything else?

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