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New and Noteworthy: Apple's profits up, shares down; Shuffle nabs nearly half the flash-player market in its first quarter

New and Noteworthy: Apple's profits up, shares down; Shuffle nabs nearly half the flash-player market in its first quarter

CNET staff

Apple's profits up, shares down As noted yesterday Apple announced stellar second quarter results yesterday, with a nearly sixfold increase in profits and rising Mac and iPod sales. Reuters reports, however, that the company's shares dropped in overnight trading because of concerns about forthcoming revenue estimates. "Apple Computer Inc.'s quarterly profit blew past even the most optimistic Wall Street targets, powered by sales of iPods, Macintosh computers and Mac minis, but Apple's revenue forecast was less rosy and the stock edged down. Profit rose more than sixfold on sales of its iPod digital music players, the Mac mini personal computer and new PowerBook notebook PCs. Apple sold 5.31 million iPods, accounting for 31 percent of the company's revenue." More.

Shuffle nabs nearly half the flash-player market in its first quarter The iPod shuffle claimed 43 percent of the worldwide flash player market in February, reports PC Pro. "Its success has boosted Apple's share of the market for all portable music players to around 70 per cent; over 90 per cent of all hard drive players sold are iPods Apple sold over five million iPods in the last three months, its best return yet, but declined to give separate figures for the three varieties." More.

Previously on MacFixIt