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iBooks to Boost Apple's iTunes into a $13 billion Business by 2013

A recent report has indicated that iTunes may grow at a rate of 39 percent in the next three years. Moreover, the report reveals that the iTunes platform, which includes iBooks, the Apple Store, music and films, will in fact bring a contribution of $13 billion in revenue by 2013.

This report was actually released by Global Equities Research, which revealed that more and more publishes are supporting Apple’s iBook format. Consequently, iBooks may become one of the primary growth factors for the company in the following years. 

It seems that already many book publishers have started to opt for Apple’s iBook, over the Kindle format. Naturally, one of the reasons why everybody is so excited with the new app is its quality.

The quality of the iBooks app is considered to easily and much exceed the quality of the Kindle app. Naturally, this means that more buyers, as well as more publishers, will focus their attention on Apple’s new product. Consequently, the research came to the conclusion that readers would rather have their books on the iPad’s new app and not on the Kindle. 

It also is revealed that in terms of usability, the iBook app is much simpler to use and to access on the iPad. On the other hand, the Kindle application lacks the finish and crispness of the iBook, as one of the analysts conducting the new study claimed.

While the popularity of the iPad is continue to grow, more and more people are interested in a series of apps. It seems that the number of apps that an average iPad user has on his device has at least tripled in the past six months. There is no wonder after all that the sales of Apple have grown spectacularly, too.

It is estimated that for the year 2011, the company will have a revenue of $104.08 billion and earnings of $25.09 a share, which means a net increase of 59.8 percent and 65.6 percent, compared to last year. Apple has always claimed that they are trying to deliver to their clients only the highest quality products and the best services. 

On the other hand, iTunes has been released no less than 10 years ago. Since the moment of its release, over 10 billion tracks have been downloaded from this store.   
iBooks to Boost Apple's iTunes into a $13 billion Business by 2013 Reviewed by Richard Padilla on 5:35 PM Rating: 5
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