[R]4:40PM New York – Apple reported sharply higher earnings and revenue in the fourth quarter.[/R]

Apple (AAPL: chart) reported financial results after the market close its fiscal 2007 fourth quarter ended September 29, 2007.

The Company posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share. These results compare to revenue of $4.84 billion and net quarterly profit of $542 million, or $.62 per diluted share, in the year-ago quarter.

Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter.

International sales accounted for 40 percent of the quarter's revenue.

Apple shipped 2,164,000 Macintosh computers, representing 34 percent growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000.

The Company sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter.

Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.

In the first fiscal quarter 2008, which includes the holiday season, Apple guided revenue of $9.2 billion and earnings per share of $1.42.

In the after-market trading Apple stock jumped $8.00 to $182.36.