Apple quarterly profit rises on Mac strength
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Apple Inc.  on Wednesday  said its quarterly profit rose 73 percent from a year earlier,  zooming past expectations on strong Macintosh computer sales  and helping to send its shares up nearly 10 percent.
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Announcing its  fiscal 2007 fourth quarter results, Apple reported today that it had posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share. These results compare to revenue of $4.84 billion and net quarterly profit of $542 million, or $.62 per diluted share, in the year-ago quarter. Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter. In the fourth quarter, Apple shipped 2,164,000 Macs, representing 34% growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. Apple also sold 10,200,000 iPods (representing 17% growth over the year-ago quarter) and 1,119,000 iPhones, bringing cumulative fiscal 2007 iPhone sales to 1,389,000.
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Stocks ended higher in a holiday-shortened session on Tuesday, helped by news that Apple Inc.  could see higher-than-expected profit margins from its iPhone and data showing a rise in factory orders.
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Apple Inc  beat Wall Street targets with a 67 percent rise in quarterly profit on Monday, led by strong sales of its Macintosh computers and a big first full quarter from the iPhone, sending its shares up nearly 6 percent.
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Shares of Apple Computer Inc. rose more than 10 percent in early trade on Thursday, boosted by its report that quarterly profit and revenue jumped on robust sales of its iPod digital music players, and optimism for results in the current quarter.
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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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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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Apple Computer said yesterday its fourth-quarter profit more than doubled on sharp rise in sales of its iPod digital-music player.
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Apple Computer Inc. AAPL.O on  Wednesday reported its quarterly profit more than doubled, on  strong sales of its iPod digital music player and notebook  computers and said revenue and earnings for the current quarter  would top Wall Street estimates.
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International Business Machines Corp.  on Tuesday posted a quarterly net profit that beat Wall Street's recently raised profit target as solid year-end product sales were buoyed by a weaker U.S. dollar.
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Apple announced first quarter financial results, with a net profit of $295 million or $.70 per diluted share. These results compare to a net profit of $63 million or $.17 per diluted share in the year-ago quarter. Revenue for the quarter was $3.49 billion, up 74% from a year ago. Gross margin was 28.5%, up from 26.7% a year ago. International sales accounted for 41% of revenue. [Jan 12, 2005]
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Much of the rise in the company&#39;s stock yesterday was due to Apple&#39;s outlook for the current holiday quarter. Apple said it expects to post a first-quarter profit of between 39 cents and 42
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The iPod helped Apple's profit get up and dance. Apple Computer Inc. reported Wednesday that net income for its fourth fiscal quarter jumped 140 percent from the same period a year ago. -The Washington Post
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Apple Inc  beat Wall Street targets with a 67 percent rise in quarterly profit on Monday, led by strong sales of its Macintosh computers and a big first full quarter from the iPhone, sending its shares up more than 5 percent.
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AT&T Inc.  on Tuesday posted  higher quarterly profit, bolstered by strong growth in wireless  and high-speed Internet services.
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Apple Inc  beat Wall  Street targets with a 67 percent rise in quarterly profit on  Monday, led by strong sales of its Macintosh computers and a  big first full quarter from the iPhone, sending its shares up  nearly 6 percent.
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Apple Computer Inc. AAPL.O on  Wednesday reported its quarterly profit more than doubled as it  sold more than 2 million iPod digital music players and said  results for the current quarter would top Wall Street  estimates.