Google’s (GOOG) YouTube has tens of millions more users than other content distribution platforms, such as Apple’s (AAPL) iPhone App Store or Amazon’s (AMZN) Kindle e-book store. But so far it’s a much worse business.
Goldman Sachs analyst James Mitchell projects that both the iPhone and Kindle stores will generate more gross revenue than YouTube this year. And Apple’s net revenue — the 30% it takes from transactions — could overtake YouTube in 2010, he predicts. (And that’s not even including the hardware sales these products generate, which is a major reason these stores — especially Apple’s — exist in the first place.)
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