Brand: MacNews

Apple CFO: New iMac demand exceeds expectations

In a telephone interview today, Apple CFO Fred Anderson told Reuters that demand for Apple’s new iMac has exceeded even the company’s highest expectations. “Orders in the first week were higher than any other product since the original iMac in terms of first week’s orders after the date of announcement,” Anderson said.

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Apple posts US$38 million first-quarter profit

Apple has reported a first-quarter profit of US$38 million, or 11 cents per share, in line with analyst expectations. Revenues for the quarter came in at US$1.38 billion, up 37 percent from the year-ago quarter. The quarter’s results included a $24 million restructuring charge, which was offset largely by a $23 million realized gain from equity investments. During the quarter, Apple shipped 746,000 Macintosh systems, as well as 125,000 iPods, as gross margins came in at 30.7 percent.

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Apple’s first-quarter results due soon

Apple is set to report its first-quarter results shortly. The company will webcast its financial results conference call at 17:30 ET. Analysts expect the company to report earnings of 11 cents per share on revenues of US$1.43 billion. MacMinute will be delivering live coverage of conference call. Shares of Apple closed down $0.92 ahead of the earnings, a decline of 4.24 percent on the day.

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