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Apple Posts $1 Billion Profit for Q1 2007

Apple set a new quarterly earnings record last week with a $1 billion profit on revenue of $7.1 billion for the quarter ending 30-Dec-06, the first quarter of their 2007 fiscal year. Yes, that's "billion" with a B, and represents a significant increase over the $565 million profit netted in the first quarter of 2006. It also eclipses the $546 million profit from the last quarter. Of that revenue, Apple noted that international sales make up 42 percent.

As expected, iPod sales were particularly strong, with 21 million iPods moved during the quarter, compared to 14 million sold in the year-ago quarter and 8.7 million sold in the last quarter. However, Mac sales remained strong as well, with Apple shipping 1.6 million computers. That compares to 1.2 million sold in last year's quarter and 1.61 million in the Q4 2006 time period. While laptops outsold desktops, Adobe's Creative Suite 3 hasn't shipped, and that's expected to be a large driver of Mac Pro system sales.

Apple CFO Peter Oppenheimer estimated revenue of $4.8 to $4.9 billion for the second quarter of fiscal 2007.

 

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