Napster nets $15m relaunch loss

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Feb 9, 2004.

  1. macrumors bot

    Joined:
    Jul 5, 2003
    #1
  2. macrumors 65816

    Photorun

    Joined:
    Sep 1, 2003
    Location:
    NYC
    #2
    Points at Napster, musters up his best Nelson from the Simpsons: "Hahhh Hahhhhh"
     
  3. macrumors regular

    Joined:
    Jul 24, 2003
    Location:
    Adelaide Australia
    #3
    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.


    MWAHHAHAHAHAHAHAHA
     
  4. macrumors 6502

    Joined:
    Sep 27, 2003
  5. Moderator emeritus

    edesignuk

    Joined:
    Mar 25, 2002
    Location:
    London, England
    #5
    Oh dear oh dear oh dear...they have some problems...and it's called iTunes! :p
     
  6. macrumors 68020

    Joined:
    Aug 9, 2000
    Location:
    54140
    #6
    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
     
  7. macrumors 68020

    winmacguy

    Joined:
    Nov 8, 2003
    Location:
    New Zealand
    #7
    Very high cash burn rate by the sounds of things. Makes them sound like a ".dot com" from 2000. All of them became .bombs!
     
  8. macrumors 6502a

    mrsebastian

    Joined:
    Nov 26, 2002
    Location:
    sunny san diego
    #8
    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.
     
  9. macrumors G5

    nagromme

    Joined:
    May 2, 2002
    #9
    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.
     

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