Apple reported its fiscal Q4 financial results last night: Revenues up 27% year-on-year to $36bn, net profits up 24% to $8.2bn, and a cash mountain of $121.3bn at the end of the quarter.
Device-wise, Apple sold 26.9m iPhones (up 58%), 14m iPads (up 26%) and 5.3m iPods (down 19%) during the quarter, with iPod touch accounting for around half of the iPods total.
Apple’s iTunes Store, App Store and iBooks Store generated nearly $2.1bn of revenues in the quarter, and there are now more than 190m registered iCloud accounts.
Music was barely mentioned in the results or following analyst call, but as the figures were being announced, rumours about Apple’s plans for a personal radio service were reappearing courtesy of Bloomberg.
Its report claims that Apple “has intensified talks with major music labels to start an advertising supported streaming-radio competitor to Pandora Media Inc. by early next year”.
Apple’s iAd platform is expected to provide the monetisation, but both Bloomberg and CNET suggest labels are looking for a share of those advertising revenues, rather than purely per-stream royalties.