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Apple records $7B revenue in Q1

Posted: 19 Jan 2007 ?? ?Print Version ?Bookmark and Share

Keywords:iPhone? Apple? iPod? Apple TV? Macintosh?

For the first quarter of FY2007, which ended Dec. 30, 2006, Apple computer Inc. posted revenue of $7.1 billion and recorded net quarterly profit of $1 billion. Figures were up from year-ago revenue of $5.7 billion and net quarterly profit of $565 million. Gross margin was 31.2 percent, up 27.2 percent from year-ago figures. International sales comprised 42 percent of Q1's revenue.

"We are incredibly pleased to report record quarterly revenue of over $7 billion and record earnings of $1 billion," said Steve Jobs, Apple's CEO. "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."

During the quarter, Apple shipped 1.6 million Macintosh computers and 21 million iPods, representing 28 percent growth in Macs and 50 percent growth in iPods over the previous year.

"We generated over $1.75 billion in cash during the quarter to end with $11.9 billion," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second fiscal quarter of 2007, we expect revenue of $4.8 to $4.9 billion."

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