Scalper1 News
In just nine years, Apple’s iPod business has gone from 50% of the company’s revenue to less than 1%. Apple (AAPL) late Monday reported iPod revenue of $410 million in its fiscal fourth quarter ended Sept. 27. That’s just under 1% of the company’s total revenue of $42.12 billion in the period. By comparison, iPod sales accounted for 50.5% of the company’s revenue in the first quarter of fiscal 2006. Apple’s iPod helped revive the company’s fortunes after the return of co-founder Steve Jobs as CEO. Apple launched the innovative media player in November 2001. Starting with the current quarter, Apple will no longer report iPod unit sales. Instead, iPod sales will be lumped into a new catch-all category called “Other products.” The same category will include Apple TV, accessories such as Beats headphones and speakers, and the upcoming Apple Watch smartwatch. IPod unit sales dipped 24% year over year… Scalper1 News
Scalper1 News