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Apple: Over 1M iPhones Sold

10/23/2007 08:19:00 AM Eastern

Cupertino, Calif. — Apple reported record Mac sales for the quarter and iPhone sales of more than 1 million units during its fiscal fourth quarter, ended Sept. 29.

Apple posted revenue of $6.22 billion and net quarterly profit of $904 million. These results compare with revenue of $4.84 billion and net quarterly profit of $542 million in the year-ago quarter.

Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter’s revenue.

Apple shipped 2.164 million Macintosh computers, representing 34 percent growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. Apple sold 10.2 million iPods during the quarter, representing 17 percent growth over the year-ago quarter. Quarterly iPhone sales were 1.119 million, bringing cumulative fiscal 2007 sales to 1.389 million, the company reported.

Said Steve Jobs, Apple’s CEO, “We’re looking forward to a strong December quarter as we enter the holiday season with Apple’s best products ever.”

“Apple ended the fiscal year with $15.4 billion in cash and no debt,” said Peter Oppenheimer, Apple’s chief financial officer. “Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion.”