The iBookstore Is A Billion Dollar Business For Apple

The iBookstore might not be the most profitable leg of Apple’s empire, but it is said that Apple doesn’t get into a business if it can’t make a billion dollars off of it… so no surprise that the iBookstore is a billion dollar business, even if it’s not much more than that.

Over at Asymco, Horace Dediu crunched the numbers and said that the iBookstore is making over a billion dollars in pure profit for Apple.

If I choose a more conservative $9 average selling price and assuming a 70% share for the publisher then Apple’s iBooks generated about $1.3 billion in payments and grossed about $1.8 billion.

That’s no small beans.

• Source Asymco

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