Apple quarterly profit rises 67 percent
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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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Apple sees profits surge 57% in the three months to December, but profit forecast disappoints.
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Apple reported revenue for the quarter of $2.35 billion, up 37% from the $1.72 billion recorded during last year's fourth quarter.
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Appleâs earnings beat analystsâ expectations on record sales of its Macintosh computers, showing that Apple is climbing back into the league of dominant computer makers.
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Apple's sales exceeded the industry average in the fourth quarter 2007 as the company gained almost 6 percent of the U.S. computer market.
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Apple Computer Inc.  on Wednesday posted a quarterly profit that more than quadrupled on skyrocketing sales of its iPod digital music players and strong demand for its PowerBook notebook PCs.
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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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Luxury jeweler Tiffany & Co. Inc.  reported a 22 percent rise in quarterly profit Wednesday and said holiday sales growth was above expectations so far, sending its stock up 7 percent.
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Luxury jeweler Tiffany & Co. Inc.  reported a 22 percent rise in quarterly profit on Wednesday and said holiday sales growth was above expectations so far, sending its stock up as much as 7 percent.
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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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NEW YORK, October 14  - Apple Computer (AAPL.NAS) reported its highest fourth-quarter sales in the past nine years for 4Q FY04, while the company&#39;s quarterly profits more than doubled on ay/y basis.
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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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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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Apple Computer Inc.  on  Wednesday posted a 48 percent increase in quarterly net income  as it sold more iPod digital music players and Intel  Corp.-powered  Macintosh computers.
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Apple rises with a forecast of higher earnings.
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Luxury jeweler Tiffany & Co. Inc.  said on Wednesday quarterly profit rose 22 percent, helped by the sale of investments, and said holiday season sales growth was above expectations so far.
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Apple Computer Inc.  on Wednesday posted a quarterly profit that blew past even the highest Wall Street forecasts on skyrocketing sales of its iPod digital music players and the highest number of Macintosh computers sold in more than four years.