Apple profits soar on iPod sales
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Apple reports record quarterly profits boosted by sales of the iPod music player and its notebook computers.
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Little was surprising about Apple's quarterly numbers surrounding the iPhone, as sales met expectations and forecasts. However, Mac sales surged to record levels and the company posted far better revenue numbers than expected.
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SAN FRANCISCO (CBS.MW) -- Apple Computer surged 8 percent Thursday as sales of more than 2 million iPod digital music players helped lift the company&#39;s fourth-quarter net income to more than twice what it earned a year ago.
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SAN FRANCISCO (CBS.MW) -- With Apple Computer&#39;s stock trading at more than twice where it was a year ago, Piper Jaffray raised the bar for the shares even higher due to an anticipated benefit from increased iPod sales.
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Stocks rose on Tuesday as strong earnings by Apple Inc.  and American Express Co  eased concern about consumer spending and profits.
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As expected, it was another great quarter for Apple, with Mac shipments leading the way as the company sold more than a million iPhones.
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Apple Computer shares jumped to fresh four-year highs in the US overnight, as the popularity of its iPod digital music player spurred a Wall Street analyst to nearly double his price target on the stock.
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Fueled by piping-hot Mac sales, Apple reports the best quarterly performance in the company's history.
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Apple Computer saw its shares jump 13 percent after it delivered a strong quarterly earnings report. Sales were propelled by burgeoning demand for the iPod digital-music player.
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Apple Inc  blew by analysts' estimates with a 67 percent rise in profit on Monday as the popularity of its iPhone and iPod boosted Macintosh computer sales, and its shares jumped 7 percent.
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For its fiscal 2004 fourth quarter, Apple posted a net profit of $106 million, or $.26 per diluted share. These results compare to a profit of $44 million, or $.12 per share, a year ago. Revenue for the quarter was $2.35 billion, up 37% from a year ago. Gross margin was 27%, up from 26.6% last year. International sales accounted for 37% of revenue. [Oct 13]
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Apple Inc. reported Tuesday its best quarter ever as profits soared to 1.58 billion dollars in the last three months of 2007 on demand for its Macintosh computers, iPhones and iPods.
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Apple Computer&#39;s stock price hit its highest level in four years, passing the $50 mark. The company recently announced that it shipped more than two million of its wildly popular iPod music
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Apple Inc. on Monday reported strong earnings for its fourth quarter, boosted by record Macintosh computer sales and the shipment of 1.12 million iPhones.
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NEW YORK -- Apple Inc.'s shares jumped in high-volume trading Tuesday after researchers said the company will reap a gross profit margin in excess of 55 percent on its 8 gigabyte iPhones.
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By Allen Wan  Shares of Apple surged Thursday after Morgan Stanley increased its 2007 earnings estimates for the company on expectations for higher sales of iPhones.
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Apple Computer Inc.'s first-quarter earnings more than quadrupled, dramatically exceeding Wall Street expectations, based on strong holiday sales of laptop computers and its wildly popular iPod music players.