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Apple's Jobs Taps Teen IPod Demand to Fuel Sales, Stock Surge | |
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| Time: 22:10 EST/03:10 GMT | News Source: Bloomberg | Posted By: Erick Cordero | ||
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Demand for the iPod, unveiled by Chief Executive Steve Jobs in October 2001, has helped make Apple the third-best performing stock in the Standard & Poor's 500 Index this year. A surge in iPod sales will help Apple report a 25 percent gain in fourth- quarter sales, according to analysts surveyed by Thomson Financial. The results, slated to be released Oct. 13, would be the fifth straight period revenue growth exceeded 15 percent. | ||
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