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Strong Mac sales boost Apple's quarterly earnings

Strong Mac sales boost Apple's quarterly earnings

Buoyed by strong Mac sales, Apple reported strong earnings for the second quarter of 2008.

Apple on Wednesday reported strong earnings for the second quarter of 2008, with Macintosh computer sales overriding weak growth in iPod shipments.

The company's net revenue was US$7.51 billion for the quarter that ended March 29, a 43 percent rise from last year's second quarter. Analysts polled by Thomson Financial estimated revenue would be $6.96 billion for the quarter.

The company's net profit was $1.05 billion, a rise from the $770 million it reported last year. Earnings per share were $1.16.

Apple shipped 2.3 million Macintosh computers, a 51 percent rise in units and 54 percent revenue growth from the year-ago quarter. It sold 10.6 million iPods, a 1 percent growth in units and 8 percent growth in revenue from a year ago. iPhone sales for the quarter were 1.7 million.

(More to follow.)


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