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Apple Posts Record Profit

17 Jan, 2007 By: Erik Gruenwedel

Who needs Apple's pending iPhone and Apple TV?

Cupertino, Calif.-based Apple today posted first quarter (ended Dec. 30) profit of $1 billion on revenue of $7.1 billion, compared to profit of $565 million and revenue of $5.7 billion during the same period last year.

Apple in the quarter said it sold more than 21 million iPods and 1.6 million Mac computers, representing 50% and 28% growths, respectively, compared to last year.

About 42% of quarterly revenues were generated internationally.

“We've just kicked off what is going to be a very strong new product year,” said Apple CEO Steve Jobs, in a statement.

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