If Apple were Twitter, how much would Wall Street pay for it?

An active iTunes user generates $48 of revenue per year. A Twitter user, $1.36.

FORTUNE -- Now that Twitter (TWTR) has gone public, we can calculate -- as George Anders has --  that each active Twitter user is worth, by Wall Street's valuation, $110.

So how does Wall Street value Apple's (AAPL) iTunes/iCloud ecosystem? That's harder to say.

"We don't...

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