Apple earnings grow 88 percent year-over-year
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Apple earnings grow 88 percent year-over-year

Gross margin was 35.1 percent, up from 29.8 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue. Apple shipped 1,517,000 Macs and 10,549,000 iPods during the quarter, representing 36 percent growth in Macs and 24 percent growth in iPods over the year-ago quarter.

"The Mac is clearly gaining market share, with sales growing 36 percent -- more than three times the industry growth rate," says Apple CEO Steve Jobs. "We’re very excited about the upcoming launch of iPhone in late June, and are also hard at work on some other amazing new products in our pipeline."

"We are very pleased to report the most profitable March quarter in Apple’s history,” said Peter Oppenheimer, Apple’s chief financial officer. "Looking ahead to the third fiscal quarter of 2007, we expect revenue of about $5.1 billion and earnings per diluted share of about $.66."

 
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