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January 18, 2007

Apple’s First Quarter Results



According to MacRumors, Apple has set yet another record in their first fiscal quarter of 2007, by bringing in more than $1 billion in net profit, which is significantly higher than the year-ago quarter which rested comfortably at $565 million. Currently, the company is recording revenue of $7.1 billion dollars, with 42 percent of that being made of international sales.

“We are incredibly pleased to report record quarterly revenue of over $7 billion and record earnings of $1 billion. We’ve just kicked off what is going to be a very strong new product year for Apple by launching Apple TV and the revolutionary iPhone,” said Apple’s CEO, Steve Jobs.

Apple said that it shipped more than 21 million iPods and 1.5 million Mac computers during the year-ago quarter, representing 50 percent growth in iPod sales and 28 percent for Mac computers.

To view the webcast that was held yesterday at 2 p.m. to report the latest financial standings, head on over to Apple’s website to check it out.

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