iPod drives Apple's profits

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Strong Christmas sales of the iPod have driven a 78 per cent surge in profits for Apple for the three months to December 30th, the group has reported.

Net profit for its fiscal first quarter rose to a record $1 billion (£508 million) from $565 million a year earlier.

Some 21 million iPods were sold throughout the quarter, in addition to 1.6 million computers, showing respective growth of 50 per cent and 28 per cent from 2005.

Peter Oppenheimer, Apple's chief financial officer, said: "This one was for the record books."

Meanwhile, Reuters has reported that the Commonwealth Bank in Australia (CBA) used the latest version of the iPod Nano to compare global currencies and purchasing power in 26 countries.

While Canada is the cheapest place to buy a Nano, at $144.20 (£73), Brazilians pay the most, with Nanos retailing at $327.71 (£166).

© 2006 Adfero Ltd

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This page contains a single entry by published on January 18, 2007 9:58 AM.

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