IPod, ITunes Drive Strong Sales At Apple Computer
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CUPERTINO, Calif. -- Downloading music continues to drive strong sales and revenue at Apple Computer as the Cupertino-based company announced Thursday that 150 million songs have been downloaded from its iTunes service.
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Apple Computer Inc. AAPL.O on  Wednesday reported its quarterly profit more than doubled as it  sold more than 2 million iPod digital music players and said  results for the current quarter would top Wall Street  estimates.
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InfoWorld - Apple reported strong earnings for its fourth quarter on Monday, boosted by record Macintosh computer sales and the shipment of 1.12 million iPhones.
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iTunes' dominance in the music industry continues to grow, data from the NPD Group showed Friday. Apple surpassed Amazon as the third largest retailer for music sales in the first quarter of the year, with 9.8 percent of the overall market.
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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 today reported strong earnings for its fourth quarter, boosted by record Macintosh computer sales and the shipment of 1.12 million iPhones.
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Apple (AAPL:Nasdaq - news - research) unveiled two new editions of the iPod intended to spike sales of the portable music players in the crucial Christmas selling season.
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Shares of Apple Computer Inc.AAPL.O  rose as much as 13 percent on Thursday, boosted by its report  that quarterly profit and revenue jumped on robust sales of its  iPod digital music players, and optimism for results in the  current quarter.
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Digital music sales surged at Apple Computer Inc.'s  iTunes service over the first nine months of 2006, Piper Jaffray said on Wednesday, contradicting a report that sales collapsed in the first half.
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Apple Computer&#39;s stock has continued to soar along with sales of its iPod digital music player, topping $50 a share for the first time in four years.
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Apple Computer said yesterday its fourth-quarter profit more than doubled on sharp rise in sales of its iPod digital-music player.
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Apple Computer Inc.  on  Wednesday posted a 48 percent increase in quarterly net income  as it sold more iPod digital music players and Intel  Corp.-powered  Macintosh computers.
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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 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 competitors are turning the up the heat in the  nascent online music industry.
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Shares of Apple Computer Inc. rose more than 10% in early trading today, boosted by its report that quarterly profit and revenue jumped on robust sales of its iPod digital music players, and optimism for the current quarter.
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SAN FRANCISCO  - Shares of Apple Computer Inc.  rose to an almost four-year high on Thursday ahead of the launch of Hewlett-Packard Co.'s  version of the iPod digital music player and Apple's revamped iMac computer.
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Apple reported strong earnings for its fourth quarter on Monday, boosted by record Macintosh computer sales and the shipment of 1.12 million iPhones.The company beat analyst estimates with net income of $904 million, or $1.01 per share, compared with $542 million, or $0.62 per share, in net income reported in last year&#39;s fourth quarter. Analysts polled by Thomson Financial estimated a consensus of $760.45 million in net income and earnings of $0.84 per share for the quarter ended Sept. 29.The company reported $6.22 billion in revenue, up from $4.84 billion in the fourth quarter last year. The revenue consensus from analysts polled by Thomson was for $6.07 billion.For fiscal 2007, Apple reported net revenue of $24 billion and net income of $3.5 billion, said Peter Oppenheimer, Apple&#39;s CFO, in a conference call with financial analysts.Looking ahead, the company estimates that revenue will hit $9.2 billion with earnings per share of $1.42 for the first fiscal quarter of 2008, Oppenheimer said.The company shipped 2.16 million Macs during the quarter, a 34 percent growth over the year-ago period, Apple said in a news release.Mac sales increased worldwide, spurred by back-to-school promotions, said Tim Cook, Apple&#39;s COO, on the call. In addition to rapid growth in the U.S. and Europe, Mac unit shipments also increased in Japan, a major market where Apple has traditionally struggled to grow, Cook said.Shipment of Mac notebooks, including MacBook and MacBook Pro, grew 31 percent year-over-year and accounted for 62 percent of all Macs sold, Oppenheimer said.Given the success of this back-to-school period, Mac sales could be flat in the upcoming quarter, Cook warned.Sales of the iPhone are outpacing those of the iPod during the first few months after its 2001 introduction, Cook said. The company shipped 1.39 million iPhones during the year and saw a spike in sales after a $200 price drop of the 8GB iPhone from $599 to $399 in September.Apple is confident it will sell 10 million iPhones in the next calendar year, Cook said.Apple sold 10.2 million iPods during the quarter, a 17 percent year-over-year growth. iPod has sold 120 million units to date, Oppenheimer said. The upcoming holiday shopping season will be a big quarter for iPod sales, Oppenheimer said.Apple had a busy quarter with multiple product announcements.Last month, it unveiled the&#160;iPod Touch, a portable multimedia player with a touchscreen user interface and Wi-Fi capabilities. It also announced availability of the iPhone in Europe, with U.K. network operator O2 (UK) Ltd. slated to start shipping the device in November.The company is excited about entering the Europe market, and plans to enter the Asia-Pacific market in 2008, Cook said.On the software front, Apple announced iWork &#39;08, its office applications suite, in August. Mac OS X Leopard, Apple&#39;s latest operating system, will begin shipping later this week.This story was updated on October 22, 2007