Apple on Wednesday reported its best quarterly financial results in the company’s history. Apple posted a net profit of US$295 million, or 70 cents a share, for its fiscal 2005 first quarter ended December 25, 2004. These results compare to a net profit of $63 million, or 17 cents per share, in the year-ago quarter. Revenue for the quarter was $3.49 billion, up 74 percent from last year. Analysts surveyed by Thomson First Call had expected Apple to earn 49 cents a share on $3.18 billion in revenue. Apple said it shipped 1,046,000 Macs and 4,580,000 iPods during the quarter, representing a 26 percent increase in CPU units and a 525 percent increase in iPods over the year-ago quarter.
