Apple reports $1.07 Billion Profit on Strong Mac, iPhone Sales

From Macworld
Apple on Monday posted a profit of $1.07 billion on revenue of $7.46 billion, making it the best June quarter in the company’s history. In a statement, Apple CEO Steve Jobs also indicated that the company is preparing several other products to be released in the coming months, which will help future quarters.

The company shipped 2,496,000 Macs during the quarter, representing 41 percent unit growth and 43 percent revenue growth over the year-ago quarter. Quarterly iPhone units sold were 717,000 compared to 270,000 in the year-ago-quarter, the company reported.

While iPod quarterly sales differentials were not as dramatic, Apple sold 11,011,000 iPods during the quarter, representing 12 percent unit growth and seven percent revenue growth over the year-ago quarter.

International sales accounted for 42 percent of the quarter’s revenue.

Apple stock ended the day up $1.14 or 0.69 percent at $166.29. In after hours trading the stock dropped $6.96 or 4.19 percent to $159.33.

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