Apple Computer Inc. on Wednesday reported the highest quarterly revenue and net income in the comapany's history. On the strength of iPod and higher Macintosh sales Apple reported a profit of US$295 million for its first fiscal quarter.
Apple shipped 1,046,000 Macintosh computers and 4,580,000 iPods during the quarter, representing a 26 percent increase in CPU units and a 525 percent increase in iPods over the year-ago quarter.
The net profit of $295 million, or $.70 per diluted share, compares to a net profit of $63 million, or $.17 per diluted share, in the year-ago quarter. Revenue for the quarter was $3.49 billion, up 74 percent from the year-ago quarter.
Apple CFO Peter Oppenheimer said that looking forward to the second quarter the company expects revenue of about $2.9 billion and earnings per diluted share of about $.40.
This story, "Apple reports $295 million profit, 4.5 million iPods sold" was originally published by PCWorld.