How much money did iTunes make in 2019?

The tech giant on Thursday reported that its services division — which includes iTunes, Apple Music and other software — had generated record quarterly revenue of $8.5 billion, up 34 percent from the same period last year.

How do artists get paid from iTunes?

The iTunes Store sells your music via downloads, whereas iTunes Radio is a streaming radio-like service. When you upload your tracks to iTunes, Apple automatically makes them available on iTunes Radio. You will receive a share of iTunes Radio’s advertising revenue based on how often your tracks are streamed.

How much is iTunes for a year?

After that, here are the main pricing options: $9.99/month or $99/year for individuals. $14.99/month for families (up to 6 users) $4.99/month for college students.

Has Spotify ever made a profit?

Spotify has never posted a full-year net profit despite its success in the online music market. Last year, the firm tripled its net loss to 581 million euros, partly due to a strong share price pushing up its compensation costs.

How much does it cost to use iTunes?

Lastly, iTunes also includes Apple’s less popular iTunes Match subscription service, which costs $25 per year and syncs users’ iTunes music across their devices, sort of like a private cloud music service where you have to buy all the music.

How much money does an artist make on iTunes?

It generally breaks down like this: Right off the top, Apple takes ~$0.30 from that $0.99 sale. Of the $0.69 left, half goes to the label. The other half goes to the publisher once the label’s initial investment in the artist has been recouped. Generally speaking, a label invests somewhere in the neighborhood of $300-500k for artists. And w…

How much does Apple Music pay per stream?

This is consistent with 9to5mac’s report that Apple Music pays between $12 and $15 per 1000 streams (i.e., 1.2¢ to 1.5¢ per stream). So, let’s say an artist’s songs were streamed a total of 20 million times on Apple Music in one year, and that artists receive the same 1.2¢ per stream rate as Keating.

How much money does Apple make in a year?

If you work off of Apple’s 70 / 30 revenue split (which is usually, but not always, the cut it takes from purchases), you get total sales of roughly $142 billion, with $42 billion of that going to Apple in the decade it’s been running the App Store.