Saturday, December 1, 2007

Apple posts one billion dollar profit for the first quarter!

Apple annouced financial results for the first quarter yesterday. Total revenue crossed 7 billion and quarterly profit crossed 1 billion US dollars.

Apple shipped 1,606,000 Macintosh® computers and 21,066,000 iPods during the quarter, representing 28 percent growth in Macs and 50 percent growth in iPods over the year-ago quarter.

Wow! More than 20 million iPods per quarter! Profits may again jump this year if iPhone sales pick up. If the current iPhone buzz is any indication, crossing 2 billion profits is not far!

Posted in Web News, Apple

No comments: