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Tuesday, October 23, 2007

Apple profits up on iPod, iPhone sales

Apple's fiscal fourth-quarter profits jumped 67 percent and easily beat Wall Street expectations, capping a record-breaking year that saw unprecedented momentum in its Mac business, ceaseless consumer interest in its iPod players and a successful introduction of its newest endeavor, the iPhone.

For the three months that ended Sept. 30, Apple said Monday it earned $904 million, or $1.01 per share, compared with $542 million, or 62 cents per share, in the year-ago quarter. Revenue totaled $6.22 billion, compared with $4.84 billion in the same quarter last year.

Analysts polled by Thomson Financial were expecting earnings of 86 cents per share on sales of $6.07 billion.

Apple said it shipped a record 2.16 million Macs in the quarter, an increase of 34 percent, while it sold 10.2 million iPods, up 17 percent. In the first full quarter of iPhone sales, Apple said it sold 1.12 million units, bringing the cumulative total to 1.39 million since the product debuted on June 29.

Read the whole article @ Daily Herald

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