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Jobs gets to buy a new iPod
A day after unveiling a new iPod that analysts agree will get Apple a lot of additional business, Apple today posted very strong financial results. The company in the past Christmas season sold 4.5 million iPod music players. The iPod business accounted for $1.2 billion in sales, accounting for 34,4 percent of the total ($3.49 b) revenues.
The figures show a company firing on all cylinders. Profit reached $295 million, making for a net profit margin of 8.45 percent. This is perhaps the most telling figure in the entire picture. The net profit margin in past quarters never exceeded 4.5 percent, making Apple trail competitors like HP and Dell.
Sales of iMac computers nearly doubled after a new model was launched earlier this year. The sales of PowerBook laptops formed the only weak spots, with unit sales down 29 percent year-over-year.
January 12, 2005 at 11:08 PM | Permalink
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