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Apple's fiscal fourth-quarter profit jumped 47% as the company broke quarterly sales records for Mac computers and iPhones.
In the quarter ended Sept. 26th, Apple posted earnings of $1.67 billion, or $1.82 a share, up from $1.14 billion, or $1.26 a share, a year earlier. Revenue rose 25% to $9.87 billion, with 54% of sales in the US.
Apple said it sold 7.4 million iPhones in the quarter, up 7% from a year ago and 41% more than the previous quarter.
Demand was boosted by a price drop and a new iPhone model that was launched last June.
"We feel very, very good about suiting up and competing against anyone," Tim Cook, Apple's operating chief, said to reporters on a conference call. "Frankly, I think that people are really just trying to catch up with the first iPhone that was announced two years ago, and we've long since moved beyond that."
Apple also reported 3.1 million Macintosh computer sales in the quarter, up 17% from a year earlier. In the quarter, Apple had launched Snow Leopard, a major upgrade to its Mac operating system, and it said initial sales have been double that of the previous upgrade two years ago.
Microsoft plans to release a new version of its rival software, Windows 7, this week, in replacement of the disastrous Vista program.
"We are thrilled to have sold more Macs and iPhones than in any previous quarter,”said Steve Jobs, Apple’s CEO. “We’ve got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.”
Insight on Apple and Texas Instruments' earnings results, with Gene Munster, Piper Jaffray; Scott Billeadeau, Fifth Third Asset Mgmt.; and CNBC's Jim Goldman & Matt Nesto:
