27) profit of $1.1 billion, up 26% from net income of $904 million during the previous-year period. Revenue increased 27%, to $7.9 billion, from $6.2 billion last year. The Cupertino, Calif.-based personal computer manufacturer and media distributor said since the launch of the iPhone 3G July 11, the device has already outsold both the original iPhone and BlackBerry s Smart Phone by 800,000 units, respectively.
Apple said it had already exceeded 2008 sales goal of 10 million iPhones with more than two months remaining. The unit now represents 39% of Apple s total business. The company also sold 2.6 million Macs and 11.1 million iPods, the latter a record for a non-holiday period. Apple said iTunes Music Store sales for the quarter were driven by strong sales of music, video and third-party iPhone applications.
The company reiterated previous reports that it has sold more than 200 million TV episode downloads, including more than 1 million in high-definition. It is now offering primetime programming from the four major networks in HD. Jobs said he expects holiday sales of PCs to decline given the economy. But with $25 billion in cash and zero debt, Jobs said the company may be buffeted around by the waves a little bit, but we ll be fine and stronger than ever when the waters calm in the future.
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