Apple has announced a profit of $1.05 billion for the first quarter of 2008, up from $770 million in the same period last year. This came from revenues of $7.51 billion, up 43% year-on-year. During the quarter, Apple sold more than 1.7 million iPhones and 10.6 million iPods, with the latter representing a 1% increase in unit sales. During its conference call, Apple said it remains confident of hitting its target of ten million iPhone sales during 2008, as it goes on sale in more countries and the 3G model becomes available. However, the company expects iPod sales to decline sequentially in the coming year.