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

Music is Apple's Future

[jamesmrankinjr]

Apple's growth prospects are all wrapped up in Music.

• iPod sales way up, especially with Windows version.
• 6.5MM songs sold WITHOUT a Windows version. Huge growth potential here, and scales nicely (marginal cost of selling a song is roughly 0, compared to computers which have large fixed costs).
• iTunes Music Store for Windows should create even more iPod sales, completing the virtuous circle.

So outlook for growth in Apple profits is tied strongly to its music business, much more so than computer sales.

Best,
-jimbo