Apple reports record 1Q profit

Thursday, January 18th, 2007

Apple reports record 1Q profit:

For the final three months of 2006, profits surged 78 percent after the company sold a record 21 million iPod players, or about 50 percent more than it did in the same period the year before.

That’s an iPod sold for nearly every person in Texas. Sales of the iconic device accounted for $3.43 billion, or nearly half, of the company’s total revenue for the quarter.

Apple also shipped 1.6 million Macintosh computers, up 28 percent from the year-ago holiday season.
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During its fiscal first quarter ended Dec. 30, the Cupertino-based company said it earned $1 billion, or $1.14 per share, compared with $565 million, or 65 cents a share, a year earlier.

Revenue for the quarter hit a record, reaching $7.1 billion, up 24 percent from $5.7 billion the previous year.

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