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Steve Jobs is an evil genius.

"The dirty little secret of all this is there's no way to make money on these stores," he says. For every 99¢ Apple gets from your credit card, 65¢ goes straight to the music label. Another quarter or so gets eaten up by distribution costs. At most, Jobs is left with a dime per track, so even $500 million in annual sales would add up to a paltry $50 million profit. Why even bother? "Because we're selling iPods," Jobs says, grinning.
--Invention of the Year: The 99¢ Solution


( Read 2 comments — Leave a comment )
Dec. 13th, 2003 04:34 pm (UTC)
And, once I do this whole house-buying thing, I'm so buying an iPod, too. He's evil, yes, but he's the good kind of evil, the kind of evil that leaves you happier at the end of the day, even though your wallet is $500 lighter. Unlike, say, Bill Gates, where you fork over $300 for an operating system that makes Baby Jesus cry. If you're going to give me a crappy operating system, at least refrain from making me pay for it, damnit! I mean, really. What kind of moron decided that making you registry PUBLICLY ACESSIBLE from the Internet by default was a good idea!?!

...ok, I'm done now.
Dec. 13th, 2003 04:35 pm (UTC)
Oh yea, and if he wants to offload that paltry $50 million in profit, I'd be happy to take it off his hands.
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