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Apple iPhone Off to 'Great Start', beats by $0.20, $0.92 vs $0.72, last yr was $0.54
http://www.thestreet.com/_yahoo/newsanalysis/techtelecom/10370227.html?cm_ven=YAHOO&cm_cat=F....

Apple (AAPL - Cramer's Take - Stockpickr - Rating) sold 270,000 iPhones in its just completed fiscal third quarter, the company said Wednesday.

The Cupertino, Calif., tech giant recognized $5 million in iPhone revenue in the quarter ended June 30. The company is spreading out iPhone revenue rather than recognizing sales all at once.

"We're thrilled to report the highest June quarter revenue and profit in Apple's history, along with the highest quarterly Mac sales ever," said Steve Jobs, Apple's CEO. "iPhone is off to a great start -- we hope to sell our one- millionth iPhone by the end of its first full quarter of sales -- and our new product pipeline is very strong."

The news comes a day after AT&T (T - Cramer's Take - Stockpickr - Rating) said it had activated 146,000 iPhones in its second quarter ended June 30. The huge iPhone rollout took place the evening of June 29, so there were only two iPhone sales days in the latest quarter.

In keeping with the hyped-up nature of the iPhone rollout, Wall Street had high expectations for sales and activiations of the game-changing smartphone. So Apple shares sold off in heavy trading Tuesday after AT&T's numbers, which were taken as a disappointment.

Apple shares were halted late Wednesday after rising $2.37 in regular trading to $137.26.

Apple profit surges 73% on strong Mac, iPod sales
Company says it sold 270,000 iPhones in less than two days of quarter
http://www.marketwatch.com/news/story/apple-profit-surges-73-strong/story.aspx?guid=%7BEA0D7CFE%2D7A....

UPDATE 1-Apple quarterly profit rises on Mac strength
http://www.reuters.com/article/marketsNews/idUKN2537578020070725?rpc=44