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Analyst: Apple iTunes Store may add $13 billion in FY 2013 revenue

“Apple’s iTunes [Store], including iBookstore and App Store, is expected to grow at a rate of about 39 percent over the next 3 years and may contribute about $13 billion in revenues in fiscal 2013, according to an analyst at Global Equities Research,” International Business Times reports.

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“Analyst Trip Chowdhry said his research indicates that more publishers are now supporting Apple’s iBook format called ePub versus Amazon’s Kindle format,” IBT reports. “‘Our research with students indicates that they would rather have books on iPad vs. Kindle,’ Chowdhry wrote in a note to clients.”

IBT reports, “Meanwhile, the application attach rate on iPad’s has steadily been increasing. Just six months back, it averaged about 15 apps, today it is in [excess] of 45.”

Read more in the full article here.

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