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Apple announces record revenue, profit and Mac sales

Apple tonight reported their financial results for the third fiscal quarter which ended 30 June, 2007. Apple reported (compared to year-ago quarter):Revenue of $5.
Written by Jason D. O'Grady, Contributor

Apple tonight reported their financial results for the third fiscal quarter which ended 30 June, 2007. Apple reported (compared to year-ago quarter):

  • Revenue of $5.41 billion (compared to $4.37 billion in the year-ago quarter)
  • Net quarterly profit of $818 million (compared to $472 million)
  • or $.92 (compared to $.54) per diluted share
  • Gross margin of 36.9 percent, (compared to 30.3 percent)
  • Shipping 1,764,000 Macs, (up 33 percent - a company record)
  • Selling 9,815,000 iPods, (up 21 percent)

In its earnings release, Apple didn't say exactly how many iPhones it sold during the product's first days, instead saying it sold a total of 270,000 iPhones and related accessories, which includes such things as headphones and carrying cases. The company said it expects to sell one million iPhones by the end of the current quarter.

The numbers represent the highest June quarter revenue and profit in Apple’s history and the highest quarterly Mac sales ever.

AAPL stock closed Wednesday at $137.12 +2.23 (1.65%). In after hours trading (Jul 25, 8:00PM ET) the stock was up to $150.18 +13.06 (9.52%).

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