A Staggering Music Industry Stat
People are still gobsmacked at Apple’s recent quarterly report in which they unveiled the biggest quarterly profits in the history of the known galaxy. We’re still trying to put everything into perspective but the one that sticks out at me is this one. $575,000: Apple’s revenue per minute. That’s $9,600 a second. Now consider this stat: Apple pays out more to app developers than all of Hollywood earns in a full year. But here’s an even better one: with revenue of $75 billion in the...