Monday, May 5, 2003

MacCentral: Apple sells over 1 million songs in the first week A few reviews of Apple's Music Store: http://www.nytimes.com/2003/05/01/technology/circuits/01stat.html http://ptech.wsj.com/archive/solution-20030430.html http://www.macdevcenter.com/pub/a/mac/2003/04/29/online_music.html http://www.salon.com/tech/feature/2003/04/29/itunes/index_np.html http://slate.msn.com/id/2082157/ http://www.businessweek.com/technology/content/apr2003/tc20030430_9569_tc056.htm http://db.tidbits.com/getbits.acgi?tbart=07175 And not mentioned in very many places, but the microcommerce aspects of the store are interesting because most businesses put a floor on credit card purchases; due to transaction costs, only purchases above $10-$12 are viable with a credit card. How is Apple able to support 99 cent purchases? The One-click documentation says this: "One Click Purchase Questions Your selected song is immediately purchased when you click Buy. To minimize the number of charges to your credit card, Apple consolidates purchases into individual charges of up to $20." So they consolidate transactions into groups. For instance, when you buy your tenth song, they would then post a single charge to your card for all ten. I don't know what happens if you buy one song, then nothing. Anyone know? 7:31:58 AM

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