January 17, 2007 article from MarketWatch: http://tinyurl.com/2g29jx

Apple posted a profit of $1 billion, or $1.14 a share, for the period ended Dec. 30, up from $565 million, or 65 cents, a year ago. Revenue rose 24.5% to $7.1 billion from $5.75 billion. The results beat the estimates of analysts surveyed by Thomson First Call, who expected Apple to earn 78 cents a share on revenue of $6.42 billion. Leading the charge for Apple was its line of iPods, with the company shipping 21 million of the market-leading devices during the quarter, a 50% jump from a year ago. Sales of the device accounted for $3.43 billion of the company's revenue, or nearly half the total. Apple's total number of iPod sales now stands at about 90 million units since the device first went on sale in October 2001. "After five years, the iPod is still going strong," said Shaw Wu, an analyst with American Technology Research. "It's still a very popular product." Wu holds a buy rating on Apple's stock. The results show that demand for Apple's products remains strong despite stepped-up competition from rivals such as Microsoft Corp., which is pushing hard to boost its share of the digital entertainment market with a new handheld media player and other consumer products. "The iPod sales were shocking," said Gene Munster, of Piper Jaffray. "And the earnings power of this company is reaching record levels." Macintosh computer sales also surged, rising 40% to $2.4 billion, while Mac shipments rose 28% to 1.61 million units, more than double the growth of the overall PC market. The Mac results were slightly below many analysts forecasts, as several had expected Apple to sell between 1.75 million and 1.8 million Macs during the quarter.
Jerry Jones
http://www.jonesgroup.net