Apple fourth quarter results show growth

iPhone sales exceed one million in a quarter
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Apple has posted a expectation exceeding set of fourth quarter results, which show that the company has gained revenue of $6.22 billion and net quarterly profit of $904 million.

Compared to last quarter, these results show that Apple have added nearly 30 per cent to it's total revenues year on year, while profits have near doubled as last years net profit was only $542 million. Quarterly iPhone sales were 1,119,000.

“We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007,” said Steve Jobs, Apple’s CEO. “We’re looking forward to a strong December quarter as we enter the holiday season with Apple’s best products ever.”

“Apple ended the fiscal year with $15.4 billion in cash and no debt,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion and earnings per diluted share of about $1.42.”

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