Apple Posts Second Quarter Results

Apple Posts Second Quarter Results

Apple Posts Second Quarter Results
Apple has posted second-quarter financial gains with revenues of $13.50 billion, compared to $9.08 billion last year. IPod sales were down one percent compared to the year-ago quarter with 10.89 million sold, while sales of the iPhone reached 8.75 million, a 131 percent growth. Apple's second-quarter net quarterly profit totaled $3.07 billion, up from $1.62 billion in the year-ago quarter. (4/21)

Coachella Brings In Record Attendance
Coachella hit a record attendance with 225,000 people attending the festival from April 16–18 at the Empire Polo Grounds in Indio, Calif. Produced by concert promoter Goldenvoice, a division of AEG Live, the festival featured performances by GRAMMY winners Gorillaz, Jay-Z  and Phoenix, and Thom Yorke of GRAMMY-winning band Radiohead. Final figures have yet to be finalized, but Randy Phillips, CEO of AEG, expects gross income to reach upward of $20 million. (4/21)

Concord To Reissue McCartney Catalog
GRAMMY-winning artist Paul McCartney has announced that he will reissue his post-Beatles catalog through independent record label Concord Music Group, following the conclusion of his previous arrangement with the EMI Group. Concord previously released McCartney's 2007 album Memory Almost Full and 2009's Good Evening New York City on CD/DVD. Concord expects the first reissue, 1973's Band On The Run recorded with McCartney and his band Wings, to be released in August. (4/21)

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