Apple on Monday after the close of markets reported a 67 percent jump in fourth-quarter profit from a year ago on strong sales in its Macintosh computers and iPhones.

Cupertino, California-based Apple posted profit of $904 million, or $1.01 per share, on sales of $6.2 billion. That compares with a profit of $542 million, or $0.62 per share, on sales of $4.84 billion a year ago. The results beat the $0.86 per share expected by a survey of analysts from Thomson Financial.

"iPhone was the fourth highest-selling handset in the U.S. market in the September quarter," Apple CFO Peter Oppenheimer said on a conference call with analysts.

The company said it expects to sell 10 million iPhones by the end of 2008. Also, Apple confirmed it is working with Saleforce.com to modify its software for the phone. 

Apple shares jumped $13.04, or 7.5 percent, at $187.40 in after-hours Nasdaq trading on the news.

All eyes were watching for Apple’s Mac and iPhone shipments. The company reported it had shipped 2.16 Macintosh computers, representing 34 percent growth from a year ago. It said sales of iPhone in the quarter totaled 1.12 million and that Apple has sold nearly 1.4 million since the debut of the flashy phone. Apple also reported it sold 10.2 million iPods.

Apple, which doesn't operate on razor-thin PC margins as Dell and other PC makers do, reported gross margins of 33.6 percent, beating the 29.2 percent margins it saw a year ago.  

Apple will end the year with a cash pile of $15.4 billion and no debt.