Apple Reports $818 Million Profit, Record Mac Sales

From Macworld
Apple rode record Mac sales and continued iPod sales growth to an $818 million profit in its fiscal third quarter, the company said Wednesday.

For the three months ended June 30, 2007, the company saw $5.41 billion in sales, a 24-percent increase from the year-ago quarter. Apple reported earnings of 92 cents per diluted share, up from 54 cents a year ago. Analysts polled by Thomson First Call expected Apple to report $.72 per share on $5.28 billion revenue.

During the quarter, Apple shipped more than 1.7 million Macs, a 33-percent rise over the what it shipped in the third quarter of 2006. That topped the previous record of 1.61 million Macs shipped during the fourth quarter of 2006. Apple also sold more than 9.8 million iPods, a 21-percent increase from the year-ago quarter.

The highly anticipated iPhone was released on June 29, the next-to-last day of the third quarter. Apple reported 270,000 units sold.

Click here to read more "Apple Reports $818 Million Profit, Record Mac Sales"