“For the three months ended March 27, Apple reported a net profit of $46 million, or 12 cents a share, compared with $14 million, or 4 cents a share, in the quarter a year earlier. Revenue was $1.91 billion, a 29 percent increase from $1.48 billion,” Laurie J. Flynn reports for The New York Times.
“‘We feel great,’ Steven P. Jobs, Apple’s chief executive, said in an interview. ‘We sold a lot of Macs, but we’ve sold more iPods in the quarter than all the Macs put together.’ Mr. Jobs said the company sold a record 807,000 iPods in the quarter, a 900 percent increase from the period a year earlier. The company sold 749,000 Macintosh computers in the quarter, up 5 percent,” Flynn reports.
“In the last year, several major new players have entered the market for portable music devices, including Dell. But Mr. Jobs said that the iPod had a 40 percent share of the MP3 player market and that the company had seen little pressure from competitors. In only two years, he said, Apple has sold 2.9 million iPods,” Flynn reports.
“William R. Fearnley, an analyst with FTN Midwest Research, said the company had strong momentum in several product areas and should focus on expanding its core Macintosh business. The company, he said, was on the right track with its introduction of a major upgrade to the Macintosh operating system, OS X, as well as with the G5, a powerful version of the Mac. ‘We continue to like what they’re doing,’ Mr. Fearnley said. ‘Now they need to grow the Macintosh sales and Macintosh’s share,'” Flynn reports.
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