Apple is planning to introduce an iPod that plays video. But more interestingly may be the ability to purchase movies and other video from the iTunes store.
Companies involved in the current talks reportedly include Warner Music Group, EMI Group, Vivendi Universal’s Universal Music Group and Sony BMG, a joint venture between Sony and Bertelsmann AG.
Apple’s iPod is still churning out startling financial results for the company, boosting revenue by 75 percent and fueling record profits in the latest quarter. Last week, Apple reported its best quarterly profit ever thanks to iPod sales.
For the three months ended June 25, Apple’s net income rose to $320 million, or 37 cents per share, up from the $61 million and 8 cents per share the company reported in the year-ago quarter. Sales grew to $3.52 billion from $2.01 billion last year.
