Cupertino (CA) – Apple today reported Q3 (fiscal Q4) results with a healthy increase in revenue and profit. Once again, the quarter was dominated by a double digit increase in iPod sales. iPhone sales are accelerating and came in at 1.119 million units and brought in sales of $118 million.

Revenue for the quarter was $6.22 billion, up from $4.84 billion in the year-ago quarter. Net profit was $904 million, which compares to $542 million. For the entire fiscal year, Apples profit exceeded $24 billion in sales and $3.5 billion in net profit. Apple said that over the past 12 months, it was able to sell more than seven million Macs and more than 50 million iPods.

The company’s music group, which includes iPod, iPhone and iTunes products accounted for 36% of Apple’s revenues in Q3. iPod sales were up 17% to 10.2 million, which, according to the company reflects a “transition to the new iPod line without a hitch.” The iPhone sold 1.119 million minutes and begins to generate visible revenues for Apple: The company said that the iPhone brought in $118 million in sales for the company, which, however, is still substantially below the iPod’s impact of $1.619 billion. So far, Apple has sold 1.389 million iPhones.

iTunes sales climbed 33% year-over-year, providing Apple with an 85% market share in music downloads in the U.S.

The company also recorded record Mac sales with 2.16 million units sold during Q3. 62% of these systems were notebooks with Macbooks gaining 37% growth in shipments over the same period last year. Desktop systems gained 31%, Apple said.

The number of Apple stores stood at 197 at the end of the quarter, representing an additional 12 stores over the end of the preceding quarter. The stores recorded $1.25 billion in revenues and counted 31 million visitors during Q3.

Good JOBs

Oct 22, 2007 16:57     

still remember just few years ago, apple was struggling and and stock was under 3$. Jobs did a great job to turn everything around, he definitely has a deep understanding about what consumers want.
Meng Yan report abuse vote down vote up Votes: +0

Agree Meng Yan

Oct 22, 2007 20:30     

However the real trick will be convincing enough consumers to pay a premium to jump to a Mac. Personally I don't see how Jobs can hope to get more then 15% market sure in the PC business as long as he is unwilling to open his OS up to other PC makers. As far as there other consumer electronics the iPod and Phone have been a huge hit. I unfortunately don't think apple tv will do as well though. All in all it's nice to a least have a company that can threaten M$ and consumer electronics makers.

Action Jackson report abuse vote down vote up Votes: +0

Wow!

Oct 22, 2007 21:59     

Tech giants are on a tear...from Microsoft to Intel to Apple and Google...just simply WOW!
hiruu report abuse vote down vote up Votes: +0

Wow, indeed

Oct 23, 2007 02:23     

Too bad that Apple does not have more pc market share. Maybe it is like Audi, Porche and BMW: only for the priveledged few....
Bob Kavanagh report abuse vote down vote up Votes: +0

Apple is a privilage. LMAO.

Oct 23, 2007 15:21     

I would be so privilaged to own overpriced hardware. The fact is Apples' OS is merely a descendant of Linux operating systems. Everything about its OS has been shown as a proof of concept somewhere else. I will give this compliment to Apple. They took all the useful apps and put them in one cookie jar, and preceded it with an i. If anything, the OS is made for the lazy, not privilaged. People speak of Apples's vision and creativity, yet fail to recognize that most of their R&D does not create the technology, rather than package it.

nox report abuse vote down vote up Votes: +0

Really don't carea bout market share

Oct 23, 2007 15:22     

When you have a great car, you really don't care if the market share grows. One only expect that their product is great and you have the best of the best. It is the same with apple, apple users only care about apple and not the market share, because we already have a great product with or with out market share. With leopard, we are going to have the only desktop computer capable of running 32 bits and 64 bits apps with the same UNIX OS free of virus and malware (windows requires a different version to run 32 or 64 bit). So, who cares about market share?

Viktor report abuse vote down vote up Votes: +0

BSD Baby not linux

Oct 23, 2007 21:33     

MacOS X is built on FreeBSD with a Mach kernel. Bot been around for 20 years. Linux around 10 . BSD was built by the US military as a morer secure open system OS. Look it up LMAD
Steve report abuse vote down vote up Votes: +0