Apple reported on Wednesday that they’ve topped one billion dollars of sales in the first quarter of the year as sales of Macintosh computers climbed more than 50 percent.
The tech giant said it earned 1.05 billion dollars or 1.16 dollars per share on revenues of 7.51 billion dollars for the quarter as compared to 770 million dollars, or 87 cents per share, in the same quarter last year. Apple’s chief executive Steve Jobs was delighted to report 43 percent revenue growth and stated it was the strongest March quarter revenue and earnings in Apple’s history. He also stated that Apple has gained strong momentum to launch new products, with its over 17 billion dollars of revenue for the first half of their fiscal year.
Apple has shipped 2.29 million Macintosh computers during the quarter - a rise in more than 51 percent compared to the same period in 2007. It also sold 1.703 million iPhones during this time.
Chief financial officer Peter Oppenheimer said Apple expects revenues of 7.2 billion dollars and profits of a dollar per share in the current quarter.
The profit outlook was weaker than analyst forecasts for earnings of 1.10 dollars a share
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