Thanks to the continued growth of Apple’s iOS devices, the iTunes platform that includes the App Store and the iBookstore is set to grow at a rate of 39% over the next three years and rake in a whopping $13 billion in revenue during 2013.
According to one analyst at Global Equities Research, publishers are increasingly turning to Apple’s iBook format as opposed Amazon’s Kindle due to the popularity of the iPad. Analyst Trip Chowdry wrote in a note to clients:
Our research with students indicates that they would rather have books on iPad vs. Kindle.
In terms of usability of iBook vs. Kindle application on iPad – on a scale of 10, iBook is probably 8 and Kindle application on iPad is probably 5 – Kindle application lacks the finish and crispness of an iBook.
In addition to the iBookstore, the App Store has continued to grow among users with the iPad. The application attach rate on the iPad was averaging around 15 apps just six months ago — today it is in excess of 45.
Thanks to Apple’s latest ‘Back to School‘ promotion, which has resulted in strong sales of Apple’s Mac computers, Chowdry has also adjusted his estimates for Apple’s third quarter, expecting revenues of $24.8 billion and earnings of $5.81 a share — reflecting a year-over-year increase of 58% and 65% respectively.
During 2011, Chowdry expects Apple to hit revenues of more than $104.08 billion with earnings at $25.09 a share, with an increase of 59.8% and 65.6% respectively over 2010.
Apple is set to announce its second quarter financials with a conference call on July 19.
[via The Next Web]
Killian Bell is a freelance writer based in the U.K. He has an interest in all things tech and also covers Android over at CultofAndroid.com. You can follow him on Twitter via @killianbell.
6 responses to “Apple Set to Rake in $13 Billion From iTunes in 2013”
And if the rights owners pulled their finger out to allow world wide distribution of content all at the same time, iTunes would make even more money.
Sucker Puch is out on DVD/BluRay/iTunes. I could buy it on disk from amazon, but I can’t download it from iTunes in NZ?? But a good copy is on PirateBay with over 12397 seeders. It cant be theft if they wont sell it to you? Surely they cant claim lost revinue if I’m not allowed to buy it in the first place, just because I dont live in the US?I wonder which site will get the most downloads outside of the US?Then they will finally release it here in a few months and wonder why the download rates have tanked. Actually, what am I saying, it won’t be in iTunes here until many months after the DVD release. By that time I’ll have legally ripped my own DRM free copy for personal use anyway from the disk, which will probably be CHEAPER than the DRM laden iTunes download!
Oh, and iBooks? Give me a break. No content otehr than project gutenburg. Thank god for Calibre. I can atleast put some paid for content into iBooks.
Please expand the iTMS in more countries!
As an indie filmmaker whose film was on a torrent site the same day it was released on DVD, I certainly hope your post leads the authorities right to your thieving door.