Apple sells 1.1M iPhones in Q3

Apple Inc. beat Wall Street’s financial estimates and said that it sold more than 1.1 million iPhones during the quarter to bring its cumulative sales of the popular wireless device close to 1.4 million unit since it launched on June 29.
This was the first full quarter of iPhone sales results; the company sold 270,000 units in the first day-and-a-half of results that were reported from the quarter ending June 30. Apple reported in mid-September that it had sold its 1 millionth iPhone, 74 days after the device was released.
Apple’s profits were up almost 67% year-over-year; to $904 million. Apple ended its fiscal year with $15.4 billion in cash and no debt, the company reported. The company’s revenues for the quarter totaled $6.22 billion, up from $4.84 billion in revenue for the same period in 2006.
In addition to strong iPhone sales, Apple said that its sales of Macintosh computers were up 34% from the year-ago quarter and hit a new record of about 2.2 million computers. The company’s iPod music player also continued to perform strongly, with sales of 10.2 million units during the quarter, reflecting 17% year-over-year growth.
CEO Steve Jobs said that the company was “looking forward to a strong December quarter as we enter the holiday season with Apple’s best products ever.”