Apple iTunes Breaks Sales Records In Q3

From Billboard:

Even though iPad sales stumbled in the third quarter, Apple Inc.’s iTunes store continued to rock on, according to the company latest earnings report released Tuesday.

The iTunes store “generated record billings of $4.3 billion in the June quarter, culminating in our best month and best week ever for App store billings at the very end of the quarter,” Apple Chief Financial Officer Peter Oppenheimer said in a call with analysts. Those gross billings, which includes money passed through to developers as well as Apple’s cut, translated to net quarterly revenue of $2.4 billion for Apple, up 29% from the year ago quarter, Oppenheimer said.

Oppenheimer credited movies, TV shows and apps for the uptick, saying iTunes customers downloaded more than 1 billion TV episodes and 390 million movies to date. They’re currently downloading more than 800,000 TV episodes and 350,000 movies every day.

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