PC Connection announced solid results for the financial quarter that ended March 31 thanks in part to Apple product sales. Sales of accessories and other companion products increased 26 percent year over year, partly due to the high sales of iPods and related products, according to PC Connection Chairman/CEO Patricia Gallup.Net sales for the three months increased by $56.6 million, or 17.5 percent, to US$380.5 million from $323.9 million for the three months that ended March 31, 2005. Approximately $27.3 million of this growth, or 8.4 percent, was attributable to the October 2005 acquisition of key assets of Amherst Technologies. Net income for the quarter ended March 31, 2006 was $1.7 million, or $.07 per share, compared to $0.9 million, or $.04 per share for the three months ended March 31, 2005.Notebooks and PDAs continued to be the PC Connection's largest product category, accounting for 17 percent of net sales in the first quarter of 2006 compared to 18.8 percent for the corresponding period a year ago. Desktop computers and servers accounted for 14.9 percent of net sales in the first quarter of 2006 compared to 14.8 percent of net sales for the corresponding period a year ago. The average sales price for computer systems decreased 4.9 percent in the first quarter compared to the corresponding period a year ago, and decreased 1.1 percent compared to the fourth quarter of 2005. Software and video, imaging and sound product lines each increased 25 percent over the first quarter of 2005.
Macsimum News - iPod sales boost PC Connection's bottom line
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