Sales of more than 2 million music players boost results
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SAN FRANCISCO (CBS.MW) -- Apple Computer surged 8 percent Thursday as sales of more than 2 million iPod digital music players helped lift the company&#39;s fourth-quarter net income to more than twice what it earned a year ago.
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Sales of the clip outnumber those of the tune or the disc, giving a new boost to the artist.
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More than 200 million music tracks were downloaded legally in the United States and Europe in 2004, up from 20 million the year before, a music industry trade group said Wednesday.
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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Profits got a boost despite sluggish sales from the challenging environment.
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The company posted strong second-quarter sales, and an acquisition could help long-term results.
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Apple announced yesterday that over 200 million songs have been sold via the iTunes online music store. According to Eddie Cue, Appleâs VP of Applications, the amount of sales/downloads from iTunes has vastly accelerated since its launch in April 2003.
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Apple Computer Inc. AAPL.O may have sold more than twice as many of its iPod digital music players in its most recent quarter than its signature Mac computers, but
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Apple celebrated yesterday when it announced that they have sold now more than 150 million songs via their iTunes Music Store. Despite some reports that overall traffic to online music stores has dropped, Apple&#39;s
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Apple announced on Wednesday that its quarterly profit more than doubled because of continued strong sales of iPod music players, beating Wall Street estimates by a wide margin
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Record companies' revenue from digital music sales rose 40 percent to $2.9 billion over the past year, but the growth is still failing to cover losses from collapse of international CD sales, the music industry's global trade body said Thursday.
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The leading electronics and entertainment retailer continues to produce strong results.
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Britain's battered music sector got some good news on Monday as second-quarter album sales grew, legal music downloads gained momentum and sales of CD singles -- a format nearly given up for dead -- bounced back.
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The recording industry reports a tenfold increase in the number of people legally downloading music from the Internet and the first significant revenues brought in by digital sales.
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Digital music sales have doubled in the last year, but overall music industry sales are falling.
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CANNES, France  - Away from the headlines of job losses, grumbling artists and falling global sales, the music industry is trying new business models to boost digital sales and offset the decline in CDs.
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Music performers could see a big boost to their lifetime earnings under EU plans to extend music rights.