Apple Posts $6 Billion Profit

Apple Posts $6 Billion Profit
Apple
reported record revenue of $26.74 billion and a record profit of $6 billion for its first quarter ending Dec. 25, 2010, up from revenue of $15.68 billion and profit of $3.38 billion in the year-ago quarter. During the quarter, Apple sold 16.24 million iPhones, up 86 percent from the previous year, 19.45 million iPods, a 7 percent decline, and 7.33 million iPads. (1/19)

Charlie Daniels Band Guitarist Tommy Crain Dies
John Thomas "Tommy" Crain
, a guitarist and songwriter with the Charlie Daniels Band in the '70s and '80s, died Jan. 13 in Franklin, Tenn. He was 59 years old. Crain joined the band in 1975, co-writing and playing on a number of the group's best-remembered songs, including "Blind Man," "In America" and "The Devil Went Down To Georgia," the latter a No. 3 pop hit that earned the band the Best Country Vocal Performance By A Duo Or Group GRAMMY in 1979. (1/19)

Hodges Named Nederlander CEO
Nederlander Concerts
COO Alex Hodges has been named CEO of the company, following the previously reported exit of Adam Friedman, according to Billboard.biz. Hodges' responsibilities will include the overall management and direction of the company, and overseeing marketing, programming and operations of live events for Nederlander's West Coast venues. (1/19)

Cake Debuts Record-Low No. 1
Cake
's Showroom Of Compassion debuted at No. 1 on the Billboard 200 with 44,000 units, marking the lowest sales total for a chart-topping album since Nielsen SoundScan's data system was implemented in 1991, and the lowest sales ever for a No. 1 debut, according to a Billboard.biz report. Overall album sales this week totaled 4.9 million units, down 11 percent from last week, and down 15 percent compared to the same week in 2010. (1/19)

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