Apple reports fourth quarter results, sets new record for Mac shipments

Announcing its fiscal 2007 fourth quarter results, Apple reported today that it had posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share. These results compare to revenue of $4.84 billion and net quarterly profit of $542 million, or $.62 per diluted share, in the year-ago quarter. Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter. In the fourth quarter, Apple shipped 2,164,000 Macs, representing 34% growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. Apple also sold 10,200,000 iPods (representing 17% growth over the year-ago quarter) and 1,119,000 iPhones, bringing cumulative fiscal 2007 iPhone sales to 1,389,000. [Oct 22, 2007]

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