iPod part makers follow Apple to the bank
PortalPlayer, whose chip powers hard drive-based iPods, reported record revenue on Thursday thanks to strong sales of Apple’s music player. PortalPlayer said it had revenue of $44.7 million for its fourth quarter, up from last year’s revenue of $8.1 million—a 75 percent increase. The company posted a profit of $10.5 million, or 50 cents per share, compared to a net loss of $759,000 in the fourth quarter of 2003.
Synaptics, maker of the touchpad technology used in the Click Wheel of Apple’s iPod, said Thursday that second quarter profit jumped 178 percent due to increased demand for the iPod during the holidays. The company reported income of $9.7 million, or 33 cents a share, up from $3.5 million, or 13 cents, a year earlier. Synaptics said revenue rose 65 percent to $56.5 million from $34.3 million.
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