An insight into the success of Apple's online music service has been provided by leaked details from a meeting with representatives from the independent record industry.
According to notes published on the web, Apple has sold 3.5 million songs since it launched its iTunes music store at the end of April
The computer manufacturer is selling about 500,000 songs a week and about half of those are sold as albums, allaying fears that people would choose individual tracks instead of a whole record.
The notes from the 5 June presentation behind closed doors by Apple boss Steve Jobs were leaked by independent record retailer CD Baby, which has since pulled the details from the web.
News source: BBC News - Confidential Apple music details leaked
According to notes published on the web, Apple has sold 3.5 million songs since it launched its iTunes music store at the end of April
The computer manufacturer is selling about 500,000 songs a week and about half of those are sold as albums, allaying fears that people would choose individual tracks instead of a whole record.
The notes from the 5 June presentation behind closed doors by Apple boss Steve Jobs were leaked by independent record retailer CD Baby, which has since pulled the details from the web.
News source: BBC News - Confidential Apple music details leaked
At 500k tracks / week * .35 cents = $175,000/week
$175K * 365 days = $63,875,000 / year for Apple in revenue
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