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Apple’s (NASDAQ:AAPL) iTunes video rental business may be worth $60M/quarter, says...

Dec. 29, 2010 2:35 PM ETApple Inc. (AAPL) StockDIS, TWX, NFLX, GE, AAPL, GOOG, MSFT, CMCSA, LVLT, AKAM, VIABBy: Marc Songini, SA News Editor
Apple’s (NASDAQ:AAPL) iTunes video rental business may be worth $60M/quarter, says Gleacher & Co. Using Netflix's (NFLX -1.5%) expansion as a guide, iTune rentals could be garnering $1B annually by 2015, with $300M going to the bottom line. But both Apple and Netflix could soon hit a wall.

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