ITunes
From GiftCardNexus
iTunes is a digital media application used for playing, organizing, and transferring digital content, such as music and videos. iTunes connects to the iTunes Store where digital content is available for purchase. Both iTunes and iTunes Store is owned and operated by Apple Inc (NASDAQ: AAPL).
Contents |
[edit] General
Apple offers a tangible plastic Gift Card avaiable in denomination of $15, $25, and $50 good towards any purchase on the iTunes Store. iTunes gift certificate is the digital version of the gift card and is available in various denomination. iTunes Gift Card is not redeemable at Apple Stores.
iTunes Gift Cards have a strange resale value due to non-U.S. residents purchasing U.S. redeemable gift cards for higher than its face value partially because it is cheaper than purchasing content from home country's iTune Stores due to taxes, such as VAT. Non-U.S. residents typically find a way to create an iTunes Store account that indicates they are residing in the U.S., which allows them to use U.S. redeemable gift cards[1].
[edit] Trends and Resales
| iTunes Gift Card |
|
|---|---|
| Reporting Period | |
| Past 90 days 04-16-2010 to 07-14-2010 |
|
| Total Amount | $188,411.22 |
| Avg. Daily Amount | $2,093.46 |
| Total Volume | 4334 |
| Avg. Daily Volume | 48.16 |
|
|
|
| Resale Value | |
| Average | 103.55% |
| Standard Deviation | ±18.62% |
| Median | 100% |
|
|
|
| Top 5 Denominations | |
| $15 | 1086 cards |
| $25 | 986 cards |
| $50 | 794 cards |
| $10 | 452 cards |
| $100 | 423 cards |
[edit] Terms and Fees
iTunes Gift Card is redeemable for purchases on the iTunes Store for the country in which the card was purchased for. An iTunes account is required for redemption. Once an iTunes gift card is stored onto an iTunes Store account, the gift card is no longer transferable. Must be older than 13 years old to open an account on iTunes Store. Apple reserves the right to close any account due to fraudulent behavior.
- No expiration date.
- No dormancy fees.
- No refunds or exchanges allowed.
- Not redeemable for cash except in states where required by law.
- Lost, stolen and damaged cards will not be replaced or refunded.
- May not be used to purchase any other merchandise, allowances, or iTunes giftings.
- For balance inquiry use the iTunes Store account.
[edit] See Also
[edit] References
- ↑ iTunes Gift Card's Resale Phenomenon Revealed. GiftCardsNexus.com (2007-09). Retrieved on 2009-06-07.
