Digital Home Thoughts: iPod Sends Apple Revenues Soaring

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Thursday, April 15, 2004

iPod Sends Apple Revenues Soaring

Posted by Kent Pribbernow in "NEWS" @ 07:00 AM

http://news.com.com/2100-1047_3-5191631.html?tag=nefd.top

The success of the iPod is boosting Apple's bottom line. For the quarter ending March 27, Apple beat analyst expectations, earning $14 Million in profit, with revenues up 29%. All this due largely to high volume sales of iPod digital audio players.

"The Cupertino, Calif.-based company had another record quarter for its iPod digital music player, selling 807,000 of the devices. It sold 749,000 Mac desktops and laptops, up 5 percent from the same quarter a year earlier."

There is little doubt the iPod is dynamite, but lets hope Apple can stay on the cutting edge. Competition in this space is heating up rapidly, and iPod is no longer the only compelling game in town.

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