updated 09:10 am EDT, Mon October 23, 2006
Apple Europe sales grow
Apple's European business was up 27 percent in the September quarter and its yearly sales was more than the combined total for 2002, 2003, and 2004. The Times reports that Apple Europe's sales of $4.1 billion (£2.2 billion) in the 12 months to the end of September was more than the combined total for its 2002, 2003 and 2004 financial years. "It's an indication of the exponential growth of this business," Pascal Cagni, the head of Apple Europe, told the publication. Last week, the company posted a profit of $546 million with record Mac sales, on surging laptop sales, a growing retail business, and "very, very strong" educational sales. As the company's iconic iPod turns five on Monday, its stock has been up almost nine-fold and its US marketshare has surged. The report notes that the company has tripled its European business in the past three years--in part due to the "halo" effect of the popular iPod. Cagni said sales of Macs were growing three or four times faster than the overall market and that the company is continuing to gain marketshare.