Apple Reports $19 Million Profit for Q3

pinqkandi writes "Apple released it's quarter three results today, which revealed a $19 million net profit ($0.05/diluted shared). Revenue reached $1.545 billion as 771,000 Macs were shipped. CEO Steve Jobs called it 'a great new product quarter', citing the new generation of iPods, iTunes Music Store, and the PowerMac G5."

Comments

Re:Low revenue?

[pmz]

Isn't $19 million in profit awfully low for $1.545 BILLION in revenueThat gives them a profit margin of about 1.25%.

I'd say we should be ecstatic that the number was positive, regardless of magnitude. This means, at a minimum, Apple is stable in the near-term and won't disappear in a vapor in a bankrupcy court anytime soon. As long as they stay afloat, they can keep sticking irritating glass fibers into Microsoft's pale skin.