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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: HerbVic who wrote (169658)5/28/2014 8:43:54 AM
From: Moonray3 Recommendations

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Apple's 800M accounts spent $3.29 each last quarter, down 24%

But the App Store is taking up the slack, and Apple could still bring iTunes to Android.

FORTUNE -- "Online services is an underappreciated growth and margin lever for Apple," writes Morgan
Stanley's Katy Huberty in a note to clients Wednesday.

It's all the more unappreciated because music streaming services like Pandora and Spotify have been

cutting into iTunes music downloads.

Last quarter, each of Apple's ( AAPL) iTunes accounts spent an average of $3.29, down 24% year over year.

"At a high level," Huberty writes, "this raises concerns about Apple's ability to monetize the new base of

emerging market customers."




More at: tech.fortune.cnn.com

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