The e-retailer reports a $126 million net loss, stemming from a $640 million year-over-year increase in spending in the quarter on technology and content ...
Apple launches a European Union version of iTunes Music Store for Austria, Belgium and seven other European countries.
Building on its digital music market base in the U.S., the U.K., France and Germany, Apple Computer Inc. has launched a European Union version of its iTunes Music Store for Austria, Belgium, Finland, Greece, Italy, Luxembourg, Netherlands, Portugal and Spain.
"We`re excited to bring the iTunes Music Store to even more music fans across Europe, and with this expansion we now reach customers in almost 70% of the global music market," said Eddy Cue, Apple`s vice president of applications. He notes that iTunes has sold more than 150 million downloads and claims a market share in the US and U.K. of over 70%.
The EU iTunes features more than 700,000 songs from four major music companies and more than 100 independent labels, plus exclusive tracks from several artists. Sales are processed in euros, at 0.99 euro per song, Apple says.
The EU iTunes offers the same set of features available to iTunes customers in other markets, including iMix, a feature that lets users publish lists of their favorite songs in the iTunes Music Store for other visitors to preview, rate and purchase. ITunes also allows users to download and purchase audiobooks as well as digital music.