Apple Reports Fourth Quarter Results
Oct 23, 2007
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Apple announced financial results for its fiscal 2007 fourth quarter ended Sept. 29, 2007. The company posted revenue of US$6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share. The results compare to revenue of $4.84 billion and net quarterly profit of $542 million, or $0.62 per diluted share, in the year-ago quarter. Gross margin was 33.6%, up from 29.2% in the year-ago quarter. International sales accounted for 40% of the quarter's revenue.

Apple shipped 2,164,000 Macintosh computers, representing 34% growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. The company sold 10,200,000 iPods during the quarter, representing 17% growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.

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