View Full Version : Napster nets $15m relaunch loss
Feb 9, 2004, 04:24 AM
Category: News and Press Releases
Link: Napster nets $15m relaunch loss (http://www.macbytes.com/link.php?sid=20040209052454)
Posted on MacBytes.com (http://www.macbytes.com)
Approved by arn
Feb 9, 2004, 05:50 AM
Points at Napster, musters up his best Nelson from the Simpsons: "Hahhh Hahhhhh"
Feb 9, 2004, 06:57 AM
Napster had revenue of $3.6m
doesn't that mean that at the MOST they have sold 3.63 million songs?...... that aint very many
hmmm i guess we've got a rough estimate as to how many songs they've sold now.
Feb 9, 2004, 07:21 AM
I think this sums it up nicely:
Feb 9, 2004, 07:32 AM
Oh dear oh dear oh dear...they have some problems...and it's called iTunes! :p
Feb 9, 2004, 08:49 AM
sounds good. i never really thought that they'd do well. espicially since they are cutting the volume of $$ going to the napster division after the launch quarter, that means LESS advertising and exposure... not good for competition with iTMS
Feb 9, 2004, 11:19 AM
Very high cash burn rate by the sounds of things. Makes them sound like a ".dot com" from 2000. All of them became .bombs!
Feb 9, 2004, 12:32 PM
didn't anyone believe steve when he said itms is not a money maker, but essentially advertising for the ipod?! you gotta have a sweet mp3 player to make real money and the samsung /napster player is not it.
Feb 9, 2004, 01:28 PM
Actually, iTunes now DOES make a profit for Apple. In fact it broke even pretty quickly as I recall.
It's a very small profit, less important than iPod sales (which in turn are less than Mac sales), but iTunes alone is NOT a loss like other music stores are.