Brand: MacNews

Shares of Apple are trading down more than 10 percent in after-hours trading on the Instinet electronic brokerage system, down to $22.55 from the day’s close of $25.10.

Apple’s third quarter conference call is currently taking place. Readers can listen in to the call themselves with QuickTime, or stay tuned to MacMinute for the latest updates from the call.

• Apple reduced channel inventory by 46,000 units, resulting in a total sell through of $1.525 billion for the quarter. [17:02 ET]
• Apple shipped 827,000 Macs during the quarter, including 182,000 new iBooks.
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Apple has reported a third quarter profit of $61 million on revenues of $1.475 billion. Analysts had been expecting Apple to report a profit of $54 million on revenues of $1.6 billion. Apple shipped 827,000 Macs during the quarter, the company said, including 182,000 new iBooks. Apple’s two retail stores did “very well” and Apple plans on opening another 23 this year. Apple closed the quarter with $4.2 billion in cash. Shares of Apple closed up $1.14 (4.76%) ahead of the earnings.

Bare Bones Software is running a Macworld Expo special: customers who purchase BBEdit 6.1 for US$79 ($40 off regular price), or upgrade for $39, will receive a free “It doesn’t suck” T-shirt.

We have posted a series of photos from the Macworld Expo show floor from earlier today.