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In a press release, Apple CEO Steve Jobs leaked this little gem: "If you annualize our quarterly revenue, it's surprising that Apple is now a $50+ billion company. The new products we are planning to release this year are very strong, starting this week with a major new product that we're really excited about."
Apple sold 3.36 million Macintosh computers, a 33% increase year-over-year. Additionally, the company sold 8.7 million iPhones, a 100% increase year-over-year, and up 1.3 million units from the fourth quarter. On top of that, despite issuing guidance last quarter that gross margin would be down for the quarter, it rose three percentage points year-over-year to 40.9 percent.