Scottish technology firm, Wolfson Microelectronics, has drawn benefit once again from Apple's record Christmas quarter iPod sales.
The company, which manufactures components used in iPods,. PlayStations and other devices, today revealed that its fourth quarter profit climbed 24 per cent.
Net income for the quarter (which ended 30 December) reached $9.9 million, up from $8 million one year earlier. Revenue increased 36 per cent to reach $71.6 million.
However, concern at the impact of looming recession in global markets prompted the company to slightly lower its expectations for the year ahead, though it still expects growth in the next 12-months.
Apple sold 22,121,000 iPods in the first quarter of its 2008 financial year, which ended 30 December.