Ricky
Registered
From Apple's quarterly SEC filing...
Full report here. http://www.macminute.com/2004/05/07/10qApple said iTunes faces "increasing competition" from other digital music services, free peer-to-peer music services, and larger companies that may have "greater resources, including technical and marketing resources, and supplier relationships." The company said failure to effectively compete could negatively affect its bottom line. "There can be no assurance that [we] will be able to provide products and services that effectively compete in these markets or successfully distribute and sell digital music outside the U.S."