iPod, computer sales continue to power bottom line.
Strong sales of iPods and Mac computers continue to power the bottom line for Apple Computer. The Cupertino, Calif.-based company says iPod shipments grew 35% to 8.7 million units for its fiscal fourth quarter ended Sept. 30.
iPod revenues for the quarter increased 29% to 1.6 billion, compared to the same quarter last year. Revenue from related music products and services—a category that includes the iTunes Music Store—rose 71% to $452 million. Apple sold more than 39 million iPods over the course of its fiscal year. Mac shipments rose by 30% to 1.6 million units.
The company made the disclosure as part of a preliminary earnings announcement of its fourth quarter results. Overall net profit for the quarter increased 27% year-over-year to $546 million, while revenues grew 32% to $4.84 billion.
However, Apple warned that its final results may be significantly different due to a likely restatement of historical results connected to irregularities in past stock option grants.
Looking ahead, Apple CEO Steve Jobs said that 2007 “is likely to be one of the most exciting new product years in Apple's history.”
Shares in Apple closed up 24 cents on Wednesday at $74.53.