03.12.2012 18:35 Uhr, Quelle: The Unofficial Apple Weblog

iTunes among the world's largest media companies

Bloomberg's Edmund Lee took a look at Apple's iTunes in an online post today, and notes that Apple's media business is huge -- in fact, it's bigger than "most major media companies." How big is that? Well, if you take the iTunes Music and App stores together, they make more than the New York Times, publisher Simon & Schuster, Warner Bros. film studios, and Time Inc. combined. In fiscal year 2012, Apple pulled in $8.5 billion in revenue from its media stores, while the combined revenue for all of those "media giants" was only $8.3 billion. While iTunes pales in comparison to the likes of News Corp. ($33.88 billion in

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