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Apple recently released it's second quarter financial results, covering the quarter that ended on March 26, 2005. For the quarter, Apple posted a $290 million profit-a notable increase over the year-ago quarter's profits of $46 million. Revenue of $3.24 billion for the quarter showed an increase of 70 percent from the year-ago quarter.
During the quarter, Apple shipped 1,070,000 Macintosh units and 5,311,000 iPods. Helped by the release of the iPod Shuffle, the iPod sales figure represents a 558% increase in sales over the year-ago quarter. Apple has sold more than 15.3 million iPods since it was introduced in October 2001. "We are delighted to report a record second quarter for Apple in both revenue and earnings," said Steve Jobs, Apple's CEO. "Apple is firing on all cylinders and we have some incredible new products in the pipeline for the coming year, starting with Mac OS X Tiger later this month." It was also announced that the iTunes Music Store has sold more than 350 million songs since it went online in April 2003. Analysts believe that, given the current trend, Apple will pass the 1 billion songs sold mark in Nov/Dec of this year.
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