Apple has announced its latest quarter results, and financially things are looking rosy for the company.

Its profit increased 27% compared to the same period last year, up from $430 million to $546 million. Revenue increased by 32% to reach $4.84 billion.

Analysts are now saying Apple is becoming less niche, and more of a major player in the computer market. Its shipments of Macs climbed 30% in the last quarter, with notebook computers accounting for $1.34 billion in sales in contrast with only $869 million for desktops.

iPods are still doing well, with Apple shipping 35% more this quarter than at the same time last year.

And finally, its retail stores are doing better, increasing sales at 41% more than during the same period last year.

Steve Jobs, Apple's CEO did his part in the hype-machine that is buzzing about iPhones and Wi-Fi iPods by saying in a statement, “Looking forward, 2007 is likely to be one of the most exciting new product years in Apple's history”.