Apple Sales Profit up 73%

I guess earlier reports of iPhone woes were not quite accurate. AAPL jumped up 10% after news was released of increased Mac sales. I have been watching Apple a little extra close in the past few months since the introduction of the iPhone, and the news has been nothing but solid despite the early woes with AT&T at iPhone launch.

Apple shipped 1.76 million Macs during the past quarter, and they also chucked in 9.82 million iPods.

With the recent profit news, and the fact that Apple currently is still near the bottom of the food chain as far Mac sells, its safe to say that Apple still has tons of room to grow. AAPL is currently lingering around $150 a share, and as discussed earlier, I expect AAPL to hit $205 at a minimum.

“We’re thrilled to report the highest June quarter revenue and profit in Apple’s history, along with the highest quarterly Mac sales ever.” Thats right from the mouth of Mr. Jobs himself.

This entry was posted on Thursday, July 26th, 2007 at 4:55 pm and is filed under Apple. You can follow any responses to this entry through the comments feed. You can leave a response, or trackback from your own site.