iLounge

By Charles Starrett

Senior Editor, iLounge
Published: Monday, October 22, 2007
News Category: Apple

Reporting its fourth quarter financial results today, Apple said it sold 10.2 million iPods during the quarter — a 17 percent increase compared to the same quarter last year. It also sold 1.119 million iPhones in the quarter, bringing the total number of units sold up to nearly 1.4 million. The company posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share, compared with revenue of $4.84 billion and net quarterly profit of $542 million, or $.62 per diluted share in Q4 2006. Sales of Other Music Related Products + Services were up 33% over the year-ago quarter, but down slightly from Q3 2007, to $601 million total. That category includes iTunes Store sales, iPod services, and revenues from Apple and third-party iPod accessories.

“We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007,” said Apple CEO Steve Jobs. “We’re looking forward to a strong December quarter as we enter the holiday season with Apple’s best products ever.”

“Apple ended the fiscal year with $15.4 billion in cash and no debt,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion and earnings per diluted share of about $1.42.”