Apple logo
New product ranges are behind Apple's success

Record quarter for Apple

Highest-ever sales boosted profit 58 per cent to £807m

Written by Neon Kelly

Apple notched up record sales in its first business quarter, as profit rocketed 58 per cent to $1.58bn (£807m) from $1bn (£511m) in 2006.

The company shipped 2.3 million computers during the period, a rise of 44 per cent on last year. Revenue soared 35 per cent to $9.6bn (£4.9bn).

"We are thrilled to report our best quarter ever, with the highest revenue and earnings in Apple’s history," said chief executive Steve Jobs.

"We have an incredibly strong new product pipeline for 2008, starting with MacBook Air, Mac Pro and iTunes Movie Rentals in the first two weeks."

Apple is forecasting revenue of $6.8bn (£3.5bn) for the second quarter of 2008.

See also:

reader comments

related articles

iPhone falls short of UK target

Apple, O2 and Carphone Warehouse still upbeat 21 Jan 2008

 

Mac users 'more open minded'

Apple fanboys 'assured of their own superiority', says Mindset Media 17 Jan 2008

Sony and Apple gear up for 'fierce battle'

'Supermodel' MacBook Air fires opening salvo 16 Jan 2008

Apple’s MacBook Air a mixed bag

New laptop launched at Macworld, but will it win over IT managers? 16 Jan 2008

Movie deal for US iTunes users

Tale of suspense for UK and European customers 16 Jan 2008

Apple logs another record quarter

Profits of $1.58bn on revenue of $9.6bn 23 Jan 2008

Apple reports record sales to end 2007

But share price falls 23 Jan 2008

Motorola profit plunges 84 per cent

Total sales are down 19 per cent at the mobile phone giant 24 Jan 2008

latest news

Red Hat a good fit for Qumranet

Open source behemoth opens up Windows opportunities with acquisition of virtualisation specialist 05 Sep 2008

Infor praises partners

Software vendor outlines its channel vision at second annual EMEA partner summit in Marbella 05 Sep 2008

Version One and Accurate launch university push

Software vendors link arms to create integrated document and financial management offering for universities 05 Sep 2008

Most commented stories

poll

Stormy times ahead for PBX?

Stormy times ahead for PBX?

Will the credit crunch affect PBX takeup?

Previous poll results

In The Studio With CRN: Josh Claman, Dell

In an editorial coup for CRN, Josh Claman, vice president of EMEA channels at Dell, talks to CRN TV about the vendor's channel plans

CRN Fight Night bouts are LIVE!

ALL the bouts from CRN's first ever white collar boxing event at The Brewery in Chiswell Street, are now online in their full glory for CRN readers to watch.

events

CRN Golf Challenge 2008

CRN Channel Golf Challenge 2008

CRN's annual golfing day will this year be held on 16 September at a championship course in East Sussex

CRN Reseller Leadership Forum logo

CRN Reseller Leadership Forum

An exclusive channel conference from CRN, to be held over one action-packed day in September 2008

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Advertisement

White papers

Search white papers

Top categories