Probably not. It seems that those big bad guys at the RIAA are once again taking all the profits directly. How much? All 99 cents per song is going to the RIAA and Apple is losing money in the process. Why does this not surprise me?
So I guess the question would be where is Apple making its money? From the iPod. Not a bad product if I do say so myself. But definitely not worth it for the majority of everyone. We’re talking about .0005% of anyone who might even have one, and that’s probably a little liberal of an estimate.
If the RIAA doesn’t cut some slack, change their business model, do anything that helps the artist/consumer relationship, iTunes will probably fold in a few months/years. Same goes with Napster 2.0, Rhapsody, and any other pay-per-use download service.