iPod Sales Soar

For the fiscal third quarter, Apple reported revenues of $3.52 billion, and profits of $320 million, or $.37 a share. Last year profits we’re a mere $61 million on revenues of $2.01 billion. While Macintosh sales were healthy at 1.18 million, iPod shipments reached a astounding 6,155,000 units. "We’re very pleased to report 75 percent revenue growth and a 425 percent increase in net income," said Apple CFO Peter Oppenheimer. "Looking ahead to the fourth quarter of fiscal 2005, we expect revenue of about $3.5 billion and earnings per diluted share of about $.32."