Record iPhone, Mac sales boost Apple's earnings
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Apple reported strong quarterly earnings boosted by record Macintosh computer and iPhone sales on Monday.Apple recorded net revenue for its first fiscal quarter, ended Dec. 29, of $9.6 billion, a 35 percent year-over-year increase, beating estimates of $9.47 billion from analysts polled by Thomson Financial.The company posted quarterly net profit of $1.58 billion, an increase from the $1 billion net profit from the year-earlier quarter. The company recorded earnings of $1.76 per share.Unit shipments of the iPod were 22.1 million units, a 5 percent growth over the year-earlier period. Apple sold 2.3 million iPhones during the quarter, a sequential increase from the 1.12 million iPhones it shipped in its fourth fiscal quarter. Apple shipped 2.3 million Macintosh computers, a 44 percent growth from the year-earlier quarter.According to figures from IDC, Apple&#39;s PC shipments in the U.S. grew 30.9 percent to 1.06 million during the fourth quarter last year with a 5.7 percent market share, behind Dell, Hewlett-Packard, and HP. Apple was not among the top five vendors in PC shipments worldwide, according to IDC.Apple announced Mac OS X Leopard operating system this quarter. It started off the new quarter with a bang, announcing&#160;a movie rental service for iTunes and a skinny laptop, the MacBook Air, which CEO Steve Jobs proclaimed was the &quot;world&#39;s thinnest notebook&quot; during a keynote address at the&#160;Macworld Conference and Expo in San Francisco.A week prior to Macworld, Apple announced revamped versions of the Mac Pro workstations and Xserve servers powered by Intel&#39;s power-efficient Penryn processors.
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Apple&#39;s stock soared to a record high Tuesday amid analyst reports that sales of highly profitable iPhones easily rocketed past 300,000 after its US launch.
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Apple today 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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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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news analysis Apple's Mac sales are up, but it's hard to say how much the ubiquitous iPod has helped.
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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 Computer Inc. shares rose as much as 6.5 percent after the company said fourth-quarter net income more than doubled on surging demand for iPods and forecast profit and sales this quarter that will beat analysts&#39; estimates.
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Apple posted a quarterly profit today 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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Announcing financial results for its fiscal 2008 first quarter, which ended December 29, 2007, Apple today posted revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share. These results compare to revenue of $7.1 billion and net quarterly profit of $1 billion, or $1.14 per diluted share, in the year-ago quarter. In attaining its highest revenue and earnings in company history, Apple shipped 2,319,000 Macs, a 44% unit growth and 47% revenue growth over the year ago quarter; sold 22,121,000 iPods, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter; and sold 2,315,000 iPhones in the quarter.
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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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Apple Computer said that profit in its first quarter more than quadrupled - its biggest increase ever - on strong holiday sales of its iPod music player.
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Net income increase 41%, revenue nearly doubles AT&amp;T posted a 41 per cent profit increase in the third quarter, largely attributed to iPhone sales.â¦
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Apple said its revenue rose by 35 percent to $9.6 billion in its year-ending business quarter, driven by record Macintosh, iPod and iPhone sales as well as strong demand for the company's latest software release. Net profit rose to $1.58 billion, or $1.76 per share, versus $1 billion in the fourth quarter of 2006.
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Apple announced on Wednesday that its quarterly profit more than doubled because of continued strong sales of iPod music players, beating Wall Street estimates by a wide margin
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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. reported yesterday that profit in its fourth fiscal quarter jumped 140 percent from the comparable quarter last year.
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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.