Apple reported profits of $1.07 billion in the quarter, up 31 percent from $818 million from the past year. ┬á This amounts to $1.19 per share, 11 cents better than Wall StreetÔÇÖs expectations, according to a survey of analysts.┬á Revenue rose 38 percent to $7.46 billion compared with the same period a year ago, ahead of analystsÔÇÖ estimates for $7.37 billion in sales. ┬á The company shipped a record 2.5 million Macs during the period, an increase of 41 percent from last year, with desktop shipments growing faster than laptops.