Apple 3Q profit jumps 31 percent
Posted July 21, 2008 11:00 pm
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.
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