Apple Exceeds Q4 Expectations
Apple Computer Inc. earned $1.67 billion for its fourth quarter, a 47 percent leap over the $1.14 billion it posted for the similar period last year, exceeding even the most optimistic of estimates from financial analysts.
For the quarter, the company recorded sales of $9.87 billion, a 25 percent increase over the $7.9 billion it posted during the same time last year.
International sales accounted for 46 percent of the quarter's revenue.
Apple said that better than expected sales of Macintosh notebooks backed by persistently strong revenue from its iPhones worldwide drove its financial performance for the period.
The company said it sold 3.05 million, or 17 percent more, Macintosh computers during the quarter than it did last year. It sold 10.2 million iPods and 7.4 million iPhones in the period, for an 8 percent and 7 percent increase, respectively, over the same quarter last year.
Looking ahead, Apple projected earnings in the December quarter of at least $1.70 per share and revenue in the range of $11.3 billion to $11.6 billion.