Urban Eola

iPod turns five

Original iPod -- circa October 23, 2001

Remember when the generic name for a mobile music player was "the walkman". Now, if you ask someone what they listen on the go, it's always associated with the word "iPod".

It's hard to believe, but Apple's iPod turned five years old yesterday. On October 23, 2001, the company's chairman, Steve Jobs, introduced the little music player that could, saying: "With iPod, listening to music will never be the same again." He was right – and it wasn't only music. Who knows what other uses will be invented for the gadget, especially now that it is also a video device.

The company sold 8.73 million iPods in the latest quarter, an increase of 35% over the same quarter a year ago. The popularity of the iPod is driving the market share of Apple's Macintosh computer higher and it has resurrected Steve Jobs's reputation. The price of Apple's stock ( AAPL) has increased from roughly $9 a share when the iPod was born to $81 a share at today's close.

posted by Michael Tavani @ 10:53 AM |


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