Report: App Store to top iTunes in revenue by Q4

This year could be a milestone one for the Apple App Store. Based on projections from securities house Morgan Stanley, 43% of Apple's online service revenue last quarter was attributed to the App Store, while 57% came from iTunes. But Morgan Stanley's analysts pulled out their trusty abacus. The calculations they made show that by the fourth quarter of this year, iTunes will be in the minority, accounting for 47% of online service revenue.



Apple's iTunes is suffering from a decline in music downloads, and Morgan Stanley analyst Katy Huberty believes that money that had been historically ...