Apple 3rd quarter profit jumps 31 percent

Apple 3rd quarter profit jumps 31 percent

Tools

Story Published: Jul 21, 2008 at 2:00 PM PDT

Story Updated: Nov 20, 2008 at 11:28 PM PDT

By Associated Press

Apple Inc. says its most recent quarterly profit jumped 31 percent and beat Wall Street's forecasts. It was helped by demand for Macintosh computers and iPod media players.

Apple earned $1.07 billion, or $1.19 per share, 11 cents ahead of Wall Street's expectations, according to a Thomson Financial survey of analysts.

Revenue jumped 38 percent to $7.46 billion, also beating analysts' average forecast.

Apple says it shipped 2.5 million Macs in the quarter, up 41 percent from a year ago. IPod shipments jumped 12 percent.

Weather & Traffic

Icon
Current Temp 66.0 °F
Partly Cloudy
More Weather

Weather & Traffic

More Weather

On Demand

Resources and info you need to prepare for the switch to DTV.

Stay Connected

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Marketplace