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Apple quarterly profit rises on strong Mac, iPod sales

SAN FRANCISCO (Reuters) - Apple Inc <AAPL.O> on Wednesday posted a 36 percent rise in quarterly profit, helped by strong sales of its Macintosh computers and iPod media players.
Posted : Wed, 23 Apr 2008 20:41:00 GMT
Author : Reuters
Category : US (Business)
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SAN FRANCISCO (Reuters) - Apple Inc on Wednesday posted a 36 percent rise in quarterly profit, helped by strong sales of its Macintosh computers and iPod media players.

The company, known for conservative financial forecasts, also gave a profit outlook for its current quarter that was below Wall Street estimates, saying it expected earnings of $1.00 per share on revenue of $7.2 billion.

Net profit for its fiscal second quarter was $1.05 billion, or $1.16 per share, compared with $770 million, or 87 cents per share, a year ago. Revenue was $7.51 billion, up 43 percent from $5.26 billion a year earlier.

Apple had been expected to show revenue of $6.95 billion, with earnings after special items of $1.07 per share, according to Reuters Estimates.

The company said it sold 2.29 million Mac computers, 10.6 million iPods and 1.7 million iPhones in the quarter.

(Reporting by Scott Hillis; Editing by Braden Reddall)


(c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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