Hypebot’s Music Industry QuickNews For Thursday April 20, 2006

• Apple reported that profits in the last quarter surged 41% from a year ago to $410 million driven in part by hot iPod sales. (AFP)
• Reggatone stumbles?  "In at least three markets — Las Vegas, Dallas and Miami — stations that gambled on the music’s growing popularity have since switched back to more traditional formats. And in perhaps the most worrisome sign yet, turnout was disappointing for a reggaeton concert last month at the Forum in Inglewood, Calif., headlined by Daddy Yankee, the genre’s superstar, and rapper Snoop Dogg." (Tribune Newspapers)
• Just in case you missed the Nashville shocker we reported yesterday, Billboard.biz is saying that RCA and Sony and RCA’s Nashville divisions are merging into one unit led by Joe Galante.