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
John Brownlee is a writer for Fast Company, and a contributing writer here at CoM. He has also written for Wired, Playboy, Boing Boing, Popular Mechanics, VentureBeat, and Gizmodo. He lives in Boston with his wife and two parakeets. You can follow him here on Twitter.
One response to “The iBookstore Is A Billion Dollar Business For Apple”
I don’t believe that. My book STEVE JOBS AGENDA which is for free has app 500 to 1.000 downloads each day but I don’t believe the iBook Store is important.