Wednesday, April 14, 2004
Intel Doubles Profits, Apple Triples them!
Posted by Jonathon Watkins in "OFF-TOPIC" @ 07:00 PM
Let the good times roll. The BBC reports that "A recovery in global computer spending has helped chip giant Intel report an 89% increase in first-quarter profits. For the three months to 27 March, the Californian-based company made a profit of $1.7bn, almost double the $915m recorded for the same period in 2003." Which is not bad at all, until you compare what the BBC has to say about Apple.
"Computer group Apple has seen its profits more than triple, thanks in no small part to the ongoing success of its iPod personal music player. The firm earned a total of $46m in its second quarter ending 27 March, up more than 300% from the $14m it achieved for the same period a year previously. Way ahead of expectations, Apple's revenue also increased to £1.91bn. During the most recent second quarter the company sold 807,000 iPods, a 909% rise on a year earlier."
909% growth? 8O So that's the reward you get for being a cultural icon! Apple has sold more than 2.8 million iPods since they were introduced in 2001. With their epic profit margins, no wonder Apple are raking it in at the moment. Roll on the Truly Teeny Tiny Hard Disks in Pocket PCs. Who needs a dedicated Music player anyway? :wink:
"Computer group Apple has seen its profits more than triple, thanks in no small part to the ongoing success of its iPod personal music player. The firm earned a total of $46m in its second quarter ending 27 March, up more than 300% from the $14m it achieved for the same period a year previously. Way ahead of expectations, Apple's revenue also increased to £1.91bn. During the most recent second quarter the company sold 807,000 iPods, a 909% rise on a year earlier."
909% growth? 8O So that's the reward you get for being a cultural icon! Apple has sold more than 2.8 million iPods since they were introduced in 2001. With their epic profit margins, no wonder Apple are raking it in at the moment. Roll on the Truly Teeny Tiny Hard Disks in Pocket PCs. Who needs a dedicated Music player anyway? :wink:
