And many still claim that the App Store and iTunes are run at zero profit or a l... | Hacker News

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recoiledsnake on June 9, 2011 | parent | context | favorite | on: Apple Reverses Course On In-App Subscriptions

And many still claim that the App Store and iTunes are run at zero profit or a loss. Could that be true?

ugh on June 9, 2011 [–]

They claim that because it’s what Apple CFO Oppenheimer said in February during a shareholder meeting: “We run the App Store just a little over break-even.”

Apple makes money by selling hardware with good margins. The App Store and the Music Store help them sell more hardware.

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