Apple Profits Soar 67% On iPhone, Mac Sales

Apple Profits Soar 67% On iPhone, Mac Sales

A "halo effect" caused by consumer love of the iPod and the iPhone contributed to 2.2 million Mac computers shipped over the last three months.

By Antone Gonsalves InformationWeek October 22, 2007 07:33 PM

(Keep in mind that PCs currently represent 90% of the market share).

Apple on Monday said profits for the fourth fiscal quarter soared 67%, as strong sales of the iPod and the iPhone apparently helped whet consumers' appetite for the Mac.

The computer maker in the quarter ended Sept. 30 shipped 2.2 million Mac computers, a 34% jump over a year ago and 400,000 more units than the company's previous quarterly record. Apple apparently benefited from the "halo effect" caused by consumer love of the iPod and the iPhone. More than 90% of customers would recommend either product to others, according to the company.

The company sold 10.2 million iPods in the quarter, a 17% increase over the same period a year ago. IPhone sales, meanwhile, reached 1.1 million, bringing total sales in fiscal 2007 to 1.4 million. The iPhone went on sale June 29.
The computer maker said net profit for the quarter ended Sept. 30 was $904 million, or $1.01 a share, compared with $542 million, or 62 cents a share, in the same period a year ago. Revenues rose to $6.22 billion from $4.84 billion a year ago.

Complete article.