Apple soars in After Hours Trading following Q3 Results

Jul 26 2007, 2:00am CDT | by Luigi Lugmayr

Apple reported their financial results for its fiscal 2007 third quarter ended June 30, 2007 yesterday afternoon.

Apple's profit raised 73% and the quarterly revenue climbed 24% to $5.41 billion.

Apple shipped 1,764,000 Macintosh computers, representing 33% growth over the year-ago quarter and exceeding the previous company record for quarterly Mac shipments by over 150,000.
Apple also sold 9,815,000 iPods during the quarter, representing 21% growth over the year-ago quarter.
Amidst these great numbers it is no surprise that the Apple stock gained 9.4% in after hour trading. Everybody waited for the iPhone sales numbers. Apple did not clearly stated iPhone sales numbers. Under the position iPhones and other Hardware they listed 270,000 units in the financial report.

Apple said though that they expect to sell 1 million iPhones by the end of the current quarter.
Via this Apple press-release.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.