Apple posts $32 million profit as revenues fall
Apple has posted a third-quarter profit of US$32 million, or 9 cents per share, on revenues of $1.43 billion, meeting reduced estimates. Apple’s earnings were down 8 cents per share from the year-ago quarter, while revenues were down 3 percent. Apple shipped 808,000 Macs during the quarter, down 2 percent form the year ago. “Even in this extended worldwide downturn, Apple is continuing to be profitable and continuing to innovate,” Steve Jobs said in a statement.
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