Apple Sees Jump In Revenue

Apple Computer reported a 36 percent jump in revenue in its first quarter, beating analyst expectations. “It was an outstanding quarter for Apple, with double-digit unit and revenue growth and over 730,000 iPods sold,” Steve Jobs, Apple’s CEO, in a statement.

Interestingly, a Merril Lynch report out recentlt said that iPod and iTunes are expected to eventually account for more than 50 percent of Apple’s revenue, whereas now they represent roughly 9 percent, the report noted.

For more details on the earnings conference call, read this.

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