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

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple’s (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.