If iTunes Radio Won't Be Profitable, What's Point?

If iTunes Radio Won't Be Profitable, What's Point?

When Apple (NASDAQ:AAPL) got into the music business in April 2003, the company didn’t actually expect to make money at it. The iTunes store launched with only “break-even” ambition as far as Cupertino was concerned, merely acting as a hook for the real profit center: The iPod.

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