Apple Posts 4Q Results

Apple Posts 4Q Results
Apple
reported record quarterly revenue of $20.34 billion and a net profit of $4.31 billion during its fourth quarter, up from $12.21 billion in revenue and a $2.53 billion profit from the year-ago quarter. IPod sales reached 9.05 million, up 11 percent compared to the year-ago quarter, while iPhone sales totaled 14.1 million, a 91 percent growth. The company also sold 4.19 million iPads during the quarter, slightly missing the 5 million estimated by analysts. (10/19)

Univision, Vevo Strike Deal
Vevo
, a joint venture between Universal Music Group, Sony Music Entertainment and Abu Dhabi Media Company, has reached a distribution deal with Univision. Under the agreement, Vevo will increase its presence in the Hispanic market by providing content to Univision, including videos from various Latin artists, for use across several of its websites. (10/19)

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