Taking On iTunes Tough for Amazon

Apr 23, 2008  •  Post A Comment

Amazon.com Inc. may provide data on how its digital-media initiatives are faring as it announces quarterly earnings Wednesday, the Wall Street Journal reports. Deutsche Bank estimates Amazon has invested $300 million on its downloading service over the past three years, but has generated less than $100 million, a fraction of its $14.8 billion total, according to the newspaper.

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