Apple News: Apple Posts Record June Quarter Revenue and Profit

Posting revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share, Apple today announced its financial results for its third fiscal quarter, ending June 30, 2007. The results, representing the highest June quarter revenue and profit in company history, compare to revenue of $4.37 billion and net quarterly profit of $472 million, or $.54 per diluted share, in the year-ago quarter. Apple shipped 1,764,000 Macs (a new company record by more than 150,000 computers) and sold 9,815,000 iPods, a 21% growth over the year-ago quarter. Apple hopes to sell its one-millionth iPhone by the end of its first full quarter of sales, the company also announced.

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