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Apple sales record 8.7M iPhones in first-quarter profits more than 50% percent

Apple sales record 8.7M iPhones in first-quarter profits more than 50% percent

With record sales of 3.36M Macs, 8.7M iPhones Apple announces its Q1 results with more than 50% percent profits to $3.38 billion, or $3.67 per diluted share. Apple sold 3.36M Macintosh computers that is 33% more than previous year Q1 and record 8.7M iphone sale is 100% more than last Q1.

"If you annualize our quarterly revenue, it's surprising that Apple is now a $50+ billion company," said Apple chief executive Steve Jobs. "The new products we are planning to release this year are very strong, starting this week with a major new product that we're really excited about."

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