Apple reported a record $1bn profit for its first 2007 financial quarter, following a surge in iPod and Mac sales.
The results mark a near doubling of profits compared with the same period last year, when Apple logged a $565m profit.
IPods proved an overwhelming success during last year's holiday shopping season, as consumers purchased more than 21 million of the portable media players. Unit sales grew by 50 per cent year over year.
Apple's other signature product also did well in the quarter ending 30 December. Mac sales increased 28 per cent over last year with shipments reaching 1.6 million units.
The success of Apple's two flagship products helped the company bring in more than $7bn in revenue over the quarter, 42 per cent of which came from outside the US.
Apple executives expressed high hopes for the company's second-quarter numbers. Chief executive Steve Jobs said that he expects the introductions of the iPhone and AppleTV devices to help keep profits up over the rest of the year.
Post your comment
Send an email to the Computing editor at feedback@computing.co.uk
del.icio.us
digg this
reddit!
Scheme has already delivered important benefits but first phase is 18 months late 04 Jul 2008
Storm approaching email market as clouds gather on SaaS provision 04 Jul 2008
Retailer suffers from web downtime for the second time in a month 04 Jul 2008
More news
Cutting fuel costs and improved services high on airline’s agenda 03 Jul 2008
Formula 1 team uses a virtual private network to exchange strategic data with its UK factory 02 Jul 2008
Experts warn that changes could tempt new cyber-squatters 02 Jul 2008 More in depth
Advertising Marketplace
- Enterprise Accounting Solutions
- Business Intelligence Solutions
- Enterprise Content Management (ECM)
- Supply Chain Management
- Enterprise Resource Planning (ERP)
- Project Management Solutions
- Customer Relationship Management (CRM)
- Security Solutions
- Systems Management
- Networking and Communications Solutions
Featured jobs
More job opportunities