7:12AM WSJ suggests AAPL iTunes service provides minute profits (AAPL) 23.06: The Wall Street Journal's "Heard on the Street" column suggests AAPL's iTunes music store is not necessarily a moneymaker. When the co originally introduced the store to the public, Apple's shares quickly skyrocketed from a 52-week low of around $13 to more than $20. The article suggests a repeat performance may be in the works as the co introduces the product to a wider audience next week. Currently, the service is available to just 3% of computer users with the co readying a version of the service for the 90%-plus who work in a Windows-based environment. However, the article suggests the co earns less than a dime on each song it sells from the store. Needham's analyst states, "the Music Store doesn't represent a major income opportunity for Apple". The co believes the service is a "trojan horse" to incite interest in the co's iPod music player.
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