Filed under: Accessories, iPod Family
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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Reader Comments (Page 1 of 1)
CRH said 11:07AM on 12-21-2006
"Almost makes me want to go out running."
Yea, me too. (almost)
Reply
Matthew said 12:59PM on 12-21-2006
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.
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Galley said 4:16PM on 12-21-2006
Like many others, I'm waiting for a cycling kit.
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Susan said 8:24PM on 1-01-2007
This sounds great!
Can the sports kit be used with any ipod or only the nano?
thanks
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