Analyst: App Store profitable niche for Apple

09/25/2009 | Wall Street Journal, The

The App Store earns about $60 million to $110 million in revenue each quarter for Apple, which translates into several cents a share in profit, according to Bernstein Research estimates. The sales account for just 1% of Apple's total, but they are growing rapidly and the store provides a strong marketing tool for selling hardware, the analyst points out.

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