Apple Posts New Record Revenue

Apple announced financial results for its fiscal 2007 first quarter ended December, 30th 2006. As expected, it beat Wall street expectations, posting a record revenue of $7.1 billion and record net quarterly profit of $1.0 billion, or $1.14 per diluted share. When comparing these results with those obtained a year-ago $5.7 billion and net quarterly profit of $565 million, or $.65 per diluted share, it clearly illustrates how apple is doing well. The gross margin is 31.2%, up from 27.2% in the year-ago quarter. Importantly, international sales accounted for 42% of the quarter’s revenue.
During the last quarter, Apple shipped 1,606,000 Macintosh units and 21,066,000 iPods, in other word 28% growth in Macs and 50% growth in iPods over the year-ago quarter.