Apple Sells Millions Of iPods, Shareholders Angry

If you're thinking of starting a public company, stay far, far away from Apple's surly shareholders.Reuters reports that Apple Computers quadrupled their profits in their fourth quarter and sold 6.5 million iPods — triple the amount they sold this time last year — but shareholders are still pissed.Apple projected sales of eight million iPods and since they fell short, their shares dropped 10 per cent.

"Expectations for Apple's results were pretty high. Revenue came a bit lower than expected," said Jim Fish a fund manager at Univest Wealth Management, a company that owns Apple shares.We have no idea why people are bitching, Apple still posted record revenues and net profits and the company have sold 28 million iPods since 2001.

"We're thrilled to have concluded the best year in Apple's history," said Apple CEO Steve Jobs. Apple's stock is at the bargain bin price of $51.59 right now and it might be worth getting in on the deal. Jobs announced Wednesday that Apple is giving birth to the Video iPod.

Apple have a 75 per cent share of the entire digital music player market and with the new credit card sized iPod nano on the market, the company's not going to suffer anytime soon (that is unless record executives get their way).