Apple reports $295 million profit, 4.5 million iPods sold

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.

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