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Soaring sales lift Apple's profits

Apple results - iPhone for Europe soon
Apple results - iPhone for Europe soon

Apple last night reported that rocketing sales of iPods and Macintosh computers sent its profits to a record high in the recent quarter and that its iPhone is 'off to a great start'.

Apple sold 270,000 iPhones in the 30 hours following its US debut on June 29, chief financial officer Peter Oppenheimer said.

He said Apple planned to begin selling iPhones in several 'major European cities' by the end of September and expand throughout the region and  into Asia in 2008. Apple is sticking to its goal of selling 10 million iPhones by the end of next year.

Apple said its profits in the quarter ending June 30 were 92 cents per share, up from 54 cents per share in the same quarter last year and well ahead of expectations. Net income was $818m, up 73% from the same period of 2006.

Apple shipped a record 1,76 million Macintosh computers in the quarter, a 33% increase from a year earlier. IPod sales were up 21% to 9.8 million.