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Apple logs another record quarter
Profits of $1.58bn on revenue of $9.6bn
Shaun Nichols in California, vnunet.com23 Jan 2008
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Apple has
continued its record-breaking run with its best ever quarterly results.
The company racked up profits of $1.58bn on revenue of $9.6bn between October
and December 2007. The figures represent a $580m jump in profits over the same
period last year.
Leading the way once again was the Mac computer line. Apple shifted more than
2.3 million Macs over the quarter, showing 44 per cent growth over last year.
IPod sales were also strong. Apple sold 22 million players over the quarter,
representing a five per cent gain over last year's numbers.
Apple logged more than 2.3 million iPhone sales over the quarter. Chief
executive Steve Jobs told the Macworld Expo last week that more than four
million iPhones had been sold at a rate of 20,000 a day since its release in
June.
"We are thrilled to report our best quarter ever, with the highest revenue
and earnings in Apple's history," said Jobs.
Jobs also highlighted the upcoming release of the
MacBook Air
and iTunes
movie rentals, which he expects to help carry Apple to $6.8bn in revenue
next quarter.
Wall Street, however, was anything but thrilled by Apple's predictions for
the next quarter.
The forecast fell short of analyst expectations and sent the company's stock
price down 11 per cent.
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