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Earnings

Earnings: Apple Posts Q2 Profit Gains Of 73 Percent; Says 270,000 iPhones Sold During First Two Days

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Sales of iPods and computers helped boost Q2 profits 73.3 percent for Apple (Nasdaq: AAPL) to $818 million from $472 million, as revenues came in at $5.41 billion, a 23.8 percent rise over last year. No word in the press release on how many iPhones it shipped in the last two days of the quarter (exclusive carrier AT&T said it activated 146,000 iPhones in Q2, as we reported Tuesday), but here’s some of what Apple did say:

—Apple shipped 1.7 million Macintosh computers, representing 33 percent growth over the year-ago quarter and beating the previous company record for quarterly Mac shipments by over 150,000.

—The company also sold 9.8 million iPods, a 21 percent increase over last year.

Earnings release | Webcast

Update: During the call CFO Peter Oppenheimer said Apple sold 270,000 iPhones in the last two days of Q2 ; the company estimates it will sell 1 million by September and 10 million by the end of 2008 including global sales. Apple did not recognize payments related to the iPhone from AT&T in Q2; it will begin recording those payments in the next quarter.

Jul 25, 2007 4:05 PM ET

Posted In: Money, Earnings, Companies, Apple

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