Apple profit jumps 47 percent in fourth quarter, sells 7.4 million iPhones

Apple has once again impressed with its quarterly financial results, posting a fourth quarter profit of $1.67 billion or $1.82 per diluted share, up 47 percent from $1.14 billion or $1.26 per diluted share in the same quarter of last year. The company easily beat analyst expectations of around $1.60 per share.

The company was able to sell more iPhones than any previous quarter, CEO Steve Jobs said in a statement. The company sold 7.4 million iPhone in the quarter, a seven percent year-over-year increase. It also sold 10.2 million iPods and 3.05 million Macintosh computers, an eight percent decrease and seventeen percent increase, respectively.

Apple did well in after-market trading since the announcement Monday evening, up $1.81 per share this morning.