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One Billion: Apple’s First Quarter Profits Soar

Apple announced a record profit of $1 billion for its fiscal quarter ending December 30, 2006, the company said Wednesday, on revenue of $7.1 billion. Apple said it sold 1.60 million Macs and 21.06 million iPods during the quarter, increases of 28 percent and 50 percent year-over-year, respectively.

Apple enjoyed especially strong sales of its Macs in Europe, with a 27 percent increase in units sold year-over-year, while Mac sales in the Americas increased 21 percent. Unit sales in Japan were down 14 percent, however. In total, Apple sold 969,000 laptops and 637,000 desktops.

Apple does not disclose specific details of its iPod sales, but while unit sales were up 50 percent from the year-ago period, revenue climbed only 18 percent, suggesting iPod sales were more heavily slanted towards the iPod shuffle and low-end iPod nano than the more expensive 5.5G iPod.

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Apple, Profits

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