Report: iTunes Users Spend As Much On Apps As Music

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A new research report on Apple helps shed some light on the Cupertino giant's services business and may offer more insights into its recent Beats acquisition.

The report, authored by Jan Dawson, Chief Analyst with Jackdaw Research, offers an overview of Apple's position across a variety of categories, as well as it growth prospects in various sectors.

See also: Farmer's Lost iPhone Survives 9-Month, 7,000-Mile Journey

Dawson singles out a category he dubs "iTunes, Software and Services" as a new growth engine for Apple. This area is comprised of content and apps sales made via iTunes, software such as Final Cut X and Logic X and services, such as iCloud, AppleCare and the Made for iPhone program. Read more...

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from MashableChristina Warren