5.3 million units sold in quarter ending March 31
A nearly seven-fold increase in iPod sales over the past year helped Apple Computer to a huge boost in profits and revenue last quarter.
Demonstrating impressive growth even over its holiday figures, Apple sold 5.3 million iPods in the quarter ending March 31, up from 807,000 a year ago, and 4.6 million in the quarter ended Dec. 31. Company generated more than $1 billion in revenue from iPods alone.
Apple also saw $216 million in sales from its iTunes Music Store and other iPod accessories.
Its entire line of computers experienced modest growth last quarter and accounted for revs of $1.5 billion.
Total revenue was $3.24 billion, up nearly 70% from the same quarter a year ago. Net profit was $290 million, a sixfold surge.
Chief financial officer Peter Oppenheimer Wednesday increased Apple’s financial forecast for the fiscal third quarter. Company expects to record sales of $3.25 billion and a profit of 28¢ per share.
Apple stock closed down 4% at $41.04 Wednesday before earnings were reported.
(The Associated Press contributed to this report.)