IP Democracy: Apple Soars on Strong iPod, Mac, iPhone Sales

Apple keeps shining brighter. The Cupertino, CA-based computing, electronics and entertainment giant issued its fiscal Q4 07 earnings report today and the news was stellar across the board.

Revenues jumped 29% year-over-year and 15% sequentially to $6.2 billion, while net income soared by 66% year-over-year and 11% sequentially to $904 million.

Fueling the growth were very strong sales in iPods, aided by Apple's launch of a very attractive line of new iPod models during the quarter. Apple sold 10.2 million iPods during the quarter, up 4% year-over-year and 17% sequentially, Mac sales were particularly strong, with Apple shipping 2.2 million computers during the quarter, a rate 23% higher year-over-year and 34% sequentially.

iPhone sales, still not a big part of Apple's financial performance, were likewise strong, with Apple selling 1.1 million units, bringing the total number of iPhones sold so far to 1.4 million.

All this good news is just a run-up to what no doubt will be a record-breaking holiday sales season for Apple. And to think just about a year ago folks were fretting about where Apple would find growth.

Posted by Cynthia Brumfield on October 22, 2007 7:10 PM to IP Democracy