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 Apple Fifa 14 Coins makes more of a profit than the total annual revenue ofthe music industry, according http://www.fifacoinsvip.com/ to Robert Ashcroft, CEO of PRS formusic, speaking on a panel about innovation within the musicindustry at Midem. "I would like to say that the music industrycontributed a little bit of that to Apple."

Apple now has more than $137 billion in cash reserves andmade $41.7billion in profit in 2012, greater thanthe total size of the global music industry, which was valuedat $23.3 billion worldwide, accordingto IFPI's annual report. The highest valuethat the music industry ever achieved -- according to the samereport -- was $38 billion. Ashcroft admitted that Apple has managedthe digital transformation better than the whole of the musicindustry, but he fears that iCloud-type cloud locker servicesherald a bleak future for music. "If the fantastic array ofstreaming services like Spotify become mainstream, we have a brightfuture. But if we have cloud locker services filled with piratedcontent and we are fighting for scraps for that tiny bit of thevalue chain... if Apple is making $40 billion a year and we arefighting for a share of the [￡21.99-per-year] people pay foriCloud, we haven't played our cards right."

Jean-Noel Tronc, CEO of Sacem, went on to criticise the lobbyingbudgets of "two or three" worldwide tech giants that "say they lovemusic and innovation" but are really lobbying against it. "We don'tget the right share today from the digital playlist and that's afact."