Today’s Media Pulse

Posted on October 5, 2006
Filed Under Commercial Trends |

Today iTunes makes only a slim profit, and its rivals are awash with red ink. Napster is seeking a buyer, and even with its backhaul business, Nokia’s new Loudeye acquisition - the basis for Recommenders - lost $3.5m on revenue of $5.4m in its most recent quarter

Nokia taps the Wisdom of Experts | The Register

I picked this up from the Regster - a week old but assertive! Andrew Orlowski also makes the point that Apple’s profits come from the hardware not the music.

technorati tags:itunes, apple, music, downloads, napster

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