On Monday Apple released details of the last quarters sales. Profits rose 66% to $904 million, which equates to £1.01 per diluted share, based on sales of $6.22 billion for the three month period ending September 29th 2007.

Steve Jobs said:

"We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007"

Apple shipped 2,164,000 computere representing 34% growth on the same quarter last year. The Company sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.

"Apple ended the fiscal year with $15.4 billion in cash and no debt,"

"Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion and earnings per diluted share of about $1.42."

said Peter Oppenheimer, Apple's CFO.