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iPod sales up 50% in record quarter

Apple posts record-breaking $1bn profit

Apple has posted a record-breaking $1bn profit on record revenue of $7.1bn for the first fiscal quarter of 2007, ending 30 December, 2006. Earnings per share for the quarter were $1.14.

These results compare to revenue of $5.7bn and net quarterly profit of $565m, or $.65 per diluted share, in the year-ago quarter.

Apple said it shipped 1,606,000 Macs and 21,066,000 iPods during the quarter, representing 28 percent growth in Macs and 50 percent growth in iPods over the same quarter the previous year. International sales accounted for 42 percent of the quarter's revenue, according to the company.

Financial analysts expected Apple to report earnings $0.78 per share.

Looking ahead to the next quarter Apple chief financial officer Peter Oppenheimer said he expects revenue of $4.8 to $4.9bn and earnings per diluted share of $0.54 to $0.56.


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