Apple Posts Dramatically Higher Q4 Sales, Net Profit

by Staff On Jan 28 2007 - 8:00am

Apple reported higher sales, net profit and gross margins for its fiscal first quarter, ended Dec. 29, 2007, featuring dramatic unit sales increases for Macintosh computers, iPods and iPhones.

Apple posted revenue of $9.6 billion for the quarter, compared with $7.1 billion for the previous year's first quarter. Net profit was $1.58 billion, up from $1 billion in the previous year, and gross margin was 34.7 percent vs. 31.2 percent for the previous year's first quarter.

Apple shipped 2.32 million Macintosh computers, representing 44 percent unit growth and 47 percent revenue growth over the year-ago quarter. The company sold 22.1 million iPods during the quarter, representing 5 percent unit growth and 17 percent revenue growth over the year-ago quarter. Quarterly iPhone sales were 2.32 million.