11/28/2005

Apple’s iPod Nano a Holiday Hit

Filed under: — By Aviran Mordo @ 9:35 am

Apple Computer Inc.’s sleek iPod nano music player was among the top-selling electronic items on Amazon.com on Friday and some models sold out on a top retailer’s Web site as consumers stocked up on holiday gifts on one of the year’s busiest shopping days.

The stock of Cupertino, California-based Apple was the fifth-best performer on the Standard & Poor’s 500 Index on Friday, climbing 3.3 percent to close at $69.34 and helping the index hit a 4-1/2-year closing high.

Apple’s black iPod nano with 2 gigabytes of storage, or enough to hold 500 songs, was the sixth best-selling electronic gadget on Amazon.com’s list of most popular items, which is updated hourly. A white version was No. 10 on the list.

Apple has sold more than 28 million iPods since they were introduced in 2001, helping revive fortunes of a company that was increasingly dwarfed by Microsoft Corp.’s dominant Windows desktop operating system. Apple has about 75 percent of the worldwide market for digital music players, according to market research firm NPD Group.

Source: eWeek

 

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