Nike profits driven by iPod sports kit

The Nike+iPod kit has proven to be a huge win for Nike's bottom line. Their profits are up this year with higher than expected earnings and their stock has risen to its highest price in a decade. The secret? Apparently it's Nike's iPod kit, at least in part. Bloomberg reports that "Chief Executive Officer Mark Parker boosted sales with the Nike Plus shoe that works with an iPod and signature footwear from basketball star LeBron James."

Looking at the numbers, Nike's Q2 net income rose to $325.6 million compared to $301.1 million a year earlier. Revenue was up 10%, from $3.47 billion to $3.82 billion. That's a lot of sneakers. Almost makes me want to go out running.

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Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=atzJkAXn…

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The Nike+iPod kit has proven to be a huge win for Nike's bottom line. Their profits are up this year with higher than expected earnings and...

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Susan

This sounds great!

Can the sports kit be used with any ipod or only the nano?

thanks

January 01 2007 at 8:20 PM Report abuse Permalink rate up rate down Reply

Galley

Like many others, I'm waiting for a cycling kit.

December 21 2006 at 3:35 PM Report abuse Permalink rate up rate down Reply

matthew

I've been using the Nike+iPod SK, and put simply it's the best conceived product I've used in years. The web interactivity is killer.

If you've been curious but haven't checked it out, take a look at the Nike+ website to see what you can do with your SK.

I'm a cyclist, and I'm hoping they come out with a kit for bicycles next.

December 21 2006 at 12:58 PM Report abuse Permalink rate up rate down Reply

Charles R Hamilton

"Almost makes me want to go out running."

Yea, me too. (almost)

December 21 2006 at 11:02 AM Report abuse Permalink rate up rate down Reply