Apple's Third-Quarter Profits UP

Apple Inc's fiscal third-quarter profit soared more than 73 percent, fueled by demand for its Macintosh computers, the strength of its iPod media players and the sales of 270,000 iPhones in the first two day on the market. For the quarter ended June 30, Apple's profit rose to $818 million or 92 cents per share, up from $472 million, or 54 cents a share in the year-ago quarter. Analysts expected Apple to report earnings of 72 cents per share on sales of $5.28 billion while Apple itself had projected earnings of 66 cents per share on quarterly sales of $5.1 billion.