Apple Discusses iPods and iTunes (AAPL 3Q05 Conf Call Quotes)

Oct.12.05 | About: Apple Inc. (AAPL)

Apple CFO Peter Oppenheimer on Apple's sales of iPods and online music:

Our music business generated 40% of total Apple revenue in the quarter and was up 133% compared to the year ago quarter. We shipped 6.45 million iPods… and… exited the quarter with total iPod channel inventories within our target range of four to six weeks. …iPods accounted for 75% of MP3 players sold in the U.S. during the month of August. Last month we introduced the revolutionary iPod Nano… We sold over 1 million Nanos in the first 17 days after its launch.

The iPod economy continues to flourish with over 1000 third-party iPod accessories now available. 15 automobile manufacturers have announced support for direct iPod connectivity and we estimate the feature will be offered in about 30% of new cars sold in the U.S. in 2006.

The iTunes Music Store… currently operates in 20 countries that represent about 85% of the global music market. We… have over 10 million customer accounts. We opened the iTunes Music Store in Japan during the quarter and it has already become the leading online Music Store in Japan. …Apple continues to have more than 80% share of the U.S. market for legally purchased and downloaded music.

(Quotes are from the CCBN StreetEvents transcript.)


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