Apple announced first quarter financial results, with revenue of $7.1 billion and a net profit of $1.0 billion, or $1.14 per diluted share. These results compare to revenue of $5.7 billion and a net profit of $565 million, or $.65 per diluted share, in the year-ago quarter. Gross margin was 31.2%, up from 27.2% a year ago. International sales accounted for 42% of revenue. Live audio webcast (http://www.digitalhome.ca/quicktime/qtv/earningsq107/).

This thread was created automatically from the Apple Website news feed.

You can read more here (http://www.apple.com/pr/library/2007/01/17results.html).

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Wow, those are impressive results and they did not even introduce a 6th generation iPod in 2006. They are still riding with 2005 technology.

Mac sales are through the roof, too, considering a major transition to the Intel platform.

I'm sure alot of people would love to know where Steve Jobs hides his crystal ball.

Is that the same crystal ball that helps backdate options?

Can't say I'm surprised. The shift to Intel is the catalyst for myself doing the switch. I ordered a 24" iMac and plan to use BootCamp for my necessary Win32 purposes. Good riddance to Windows.

If this goes over well, I'll help my in-laws switch BACK to Apple after I convinced them to switch to PCs 5 years ago.

On the same newscast, I heard that, while the Ipod was going gangbusters, sales on the computers were flat. I went to the Apple store in Sherway last night to check out the 20" IMAC. While I was pretty much sold, I won't buy it until they come out with the new OS 10.5. It might be a month, it might be 3 or 4 months. (I would have bought it last night if I could have gotten a free upgrade when the Leopard comes out. I was told that I would have to pay for it. While it might only be $40 or $50, I could have bought a new PC late Nov/early Dec and gotten a guaranteed upgrade to Vista once it is out.)
This might hold back sales on Macs for a little bit.
Killer machine, though.

Don't know about "flat":

Apple shipped 1,606,000 Macintosh® computers and 21,066,000 iPods during the quarter, representing 28 percent growth in Macs and 50 percent growth in iPods over the year-ago quarter.

Maginnis,

keep in mind that Apple sells their OS (FULL version), not upgrades, for about $150. This is a far cry from Microsoft selling upgrades for twice as much as that.

Hugh, the options backdating scandal is going to blow over and very little will happen out of this. Critics and analysts say Jobs won't even get a slap on the wrist. Some have even questioned whether he is "above the law" because of his "superstar status" in the business / entertainment world.

All I know is the man takes a $1 per year annual salary, but as opposed to MOST fat cat CEOs out there making tens of millions, he gets down and dirty, works his tail off, and he actually contributes to the success of his company.