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

It has been a good year.

[Dr Reducto]

Apple has turned their business around and generated a lot of mainstream press this year. They finally made their Powermacs top of the line, they made the 17in laptop, the new iPods, and it now looks really good for Apple. They should hive themselves a pat on the back.

And on an unrelated note, this may be a First Post.

Re:It has been a good year.

[chia_monkey]

It's been a very good year indeed. The interesting thing to note is how different Apple's products and services are now as to how they were a few years ago when the only thing you could read about Apple was how beleaguered they were and close to death.

For example...Apple then:
They sold computers. Sure they sold the OS and a few other things (monitors, other software, etc), but that was it.

Apple now:
Computers. And laptops which are definitely helping them gain some market share again. And MORE software such as Safari (even though it's free...who would have guessed they'd do something like that?), Keynote (you brave bastards), FinalCut Pro (do I really need to talk about their high-end software?), everything in their iLife bundle.
Better yet...the iPod. Shnikeys! They're making some good money off that. It's new hardware that's not a computer. And good money.
iTunes Music Service...for something that only serves 3% (who knows what the real number is...it changes daily) of the market, they're doing DAMN good with that. Imagine when it comes out for the PC.

It's funny to compare the Apple of today to the one of yesterday. Worlds apart.

Low revenue?

[SoCalChris]

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

Mac Units?

[TechnoPope]

What exactly is a Mac unit? Is it just a computer, or does it also include the always popular Ipod? I'm not saying I doubt that they sold 771,000 PC's in a quarter, but it seems a little weird. Especially since apperently profits were actually down. I'd assume they make less profits on the Ipod then other things. Just wondering.