New Zealand’s “only distributor of Apple computers and iPods says interim profit halved because it does not have enough products to sell and warns the shortages will continue. Renaissance said yesterday that profit for the six months to June fell 53 per cent to $1.2 million,” Gareth Vaughan reports for The Dominion Post.
“Managing director Paul Johnston said though the shortage was mostly in Apple products,” Vaughan reports. “It has been estimated that between 50 and 60 percent of Renaissance’s earnings come from Apple products.”
“Mr Johnston said an upgrade of Apple’s iMac computer meant there had been a shortage of the old model and an ‘astronomical’ demand for the new model could not be met.
He was unsure how long the shortages would continue,” Vaughan reports.
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