During today’s earnings call Tim Cook said Apple nearly has 800 million iTunes accounts which, according to him is “staggering”. In the last quarter the purchases on iTunes was around $5.2B compared to last quarter that was only $4.7B and which is also 24% more than the spend for the same quarter in the last year. It is even more exciting for Apple is most accounts have credit cards linked to the account as reported by Venturebeat.
The second quarter has been quite exciting for Apple, beating the prediction from analysts and Apple itself. The major contributor to soaring revenues has been the iPhone, which grossed around 43.7M units.