Apple reports best quarterly revenue and earnings in its history

Announcing financial results for its fiscal 2008 first quarter, which ended December 29, 2007, Apple today posted revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share. These results compare to revenue of $7.1 billion and net quarterly profit of $1 billion, or $1.14 per diluted share, in the year-ago quarter. In attaining its highest revenue and earnings in company history, Apple shipped 2,319,000 Macs, a 44% unit growth and 47% revenue growth over the year ago quarter; sold 22,121,000 iPods, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter; and sold 2,315,000 iPhones in the quarter.

First Look: iTunes Digital Copy

Movie rentals weren’t the only digital-media news to come out of last week’s Macworld Expo keynote. Apple and 20th Century Fox are collaborating on iTunes Digital Copy, a program where you get an iTunes-compatible version of a movie when your purchase the physical DVD. The program promises to save you the time and hassle of ripping DVDs yourself. Dan Frakes looks into whether it delivers.