Apple profits surge 67%, shares soar

October 22, 2007 11:55 PM | No Comments

200710-apples.jpg

Exciting news for Mac fans and Apple (AAPL) shareholders today: The company announced financial results for its fiscal 2007 fourth quarter ended September 29, 2007.

The New York Times has the totals:

"Apple reported fourth-quarter profit of $904 million, or $1.01 a share, up from $542 million, or 62 cents, in the quarter a year ago, an increase of 67 percent. Analysts had predicted profit of 85 cents a share. Sales rose to $6.22 billion, from $4.84 billion. Gross margin also surged, to 33.6 percent, from 29.2 percent a year ago. Apple said it sold 2.16 million Macintosh computers worldwide in the quarter, an increase of 400,000 over the previous record. It does not break out domestic and foreign sales."

Wow!

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