Apple Reports Record First Quarter Profit

$1 billion in profits for the first quarter of 2007, up from $565 million a year ago.

“This one was for the record books,” Apple’s chief financial officer Peter Oppenheimer said in an interview.

Apple shipped 1.6 million Macs and more than 21 million iPods during the quarter, representing a growth of 28 percent and 50 percent respectively from the year-ago holiday season.

Those are both incredible numbers. 21 million iPods is bit less than my prediction of 24 million, but way up from last year’s 14 million and also ahead of all the analysts’s expectations. And it used to be that 1 million Macs made for for a good quarter.

★ Wednesday, 17 January 2007