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Apple posts $19 million profit

Apple today posted a net profit of US$19 million, or 5 cents a share, for its fiscal third quarter ended June 28. These results compare to a profit of $32 million, or 9 cents, in the year-ago quarter. Revenue rose to $1.545 billion from $1.43 billion. Analysts had forecast Apple to report a net profit of 3 cents a share on revenue of $1.48 billion. Apple said it shipped 771,000 Macintosh units during the quarter. “This was a great new product quarter for Apple, starting with the iTunes Music Store and the new third-generation iPods, and ending with the announcement of the Power Mac G5 and the developer preview of Panther, the fourth major release of Mac OS X,” said Steve Jobs, Apple’s CEO.

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