IPhone 4 Sets Record Pre-Order Sales

IPhone 4 Sets Record Pre-Order Sales

IPhone 4 Sets Record Pre-Order Sales
Apple reported record pre-order sales of more than 600,000 iPhone 4s in a single day when the company began taking orders Tuesday. AT&T reported 10 times as many first-day pre-launch orders for the new iPhone model compared to the previous model released last year, despite an online ordering glitch. Analysts predict the new iPhone 4 will surpass sales of the iPhone 3G model released in 2009, which moved more than 1 million units in the first three days. (6/17)

Metropolitan Opera Reports 2009 Loss
New York's Metropolitan Opera reported losses for the 2009 fiscal year, listing net assets of $236 million, down from $380 million in the prior year. The Met reported $40.8 million in losses after expenses and dividends, compared to a $14.3 million loss in 2008. Contributions and grants fell to $105 million, down from $164 million in the previous year, while the opera's pension fund lost $20 million in investments. (6/17)

Australian Live Revenue Reaches $1.6 Billion
Australia's live music sector generated $1.61 billion in revenue in 2008, according to a new study by Ernst and Young on behalf of trade association Live Performance Australia. The most significant contributor among event categories is contemporary music, accounting for 40 percent of the industry's total earnings. (6/17)
 

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