updated 6/28/2006 1:48:04 PM ET 2006-06-28T17:48:04

Adidas AG has gotten a big kick from sales of its official World Cup ball since it debuted in December.

CEO Herbert Hainer said Wednesday that since the Teamgeist ball — German for “team spirit” — went on sale, about 15 million of the 14-panel balls have been scooped up by buyers worldwide. The retail price averages $113 to $138.

Hainer said the sales results already have exceeded the company’s initial forecast of 10 million. They also are better than the 6 million copies sold of the company’s previous World Cup ball, the Fevernova, from 2002.

Players at the World Cup have given the Teamgeist ball a mixed reception. Some say its design makes it travel farther when kicked, while goalkeepers have grumbled that it is harder to stop.

Adidas has developed balls for every World Cup tournament since 1970, when it debuted the Telstar with its array of 12 black pentagons and 20 white hexagons.

The company said the 2006 tournament should help provide more than 1.2 billion euros ($1.5 billion) in revenue from soccer-related products, including shoes and replica jerseys. In all of 2005, Adidas had 6.6 billion euros in sales, with 434 million euros in profit.

© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com