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June 2017 Giveaway

Apple Records Most Profitable Quarter Ever!

Apple has announced the financial results for its fiscal 2007 second quarter, posting revenue of $5.26 billion and net quarterly profit of $770 million, or $0.87 per diluted share. These results compare to revenue of $4.36 billion and net quarterly profit of $410 million, or $0.47 per diluted share, in the same quarter of 2006. Gross margin for the quarter was 35.1 percent, compared to 29.8 percent last year. In all, Apple shipped 1,517,000 Macintosh computers and 10,549,000 iPods during the quarter, representing a 36% growth in Mac sales and 24% growth in iPods over the previous year. “The Mac is clearly gaining market share, with sales growing 36 percent – more than three times the industry growth rate,” beamed Steve Jobs, Apple’s CEO.

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