Apple Profit Up on iPod, Notebook Sales

SAN FRANCISCO (Reuters) - Apple Computer Inc. (NasdaqNM:AAPL - news) on Wednesday posted much stronger-than-expected quarterly profit and revenue on heavy sales of its iPod digital music players and notebook computers, pushing its shares up nearly 10 percent in after-hours trade. For the first time, Apple sold more iPods in a quarter than it did its signature Macintosh (news - web sites) computers, and sales of the trendy gadgets even topped levels seen in the preceding holiday sales-fueled December quarter. Executives said on a conference call that the company expected to face tight supplies of the successful iPod mini through the June quarter, but would be able to meet demand for the original, white iPods, which store more songs. "Apple shipped more iPods this quarter than they did during the Christmas quarter, which is pretty telling," said analyst Shannon Cross of Cross Research. She had expected Apple to sell 600,000 iPods in the quarter; Apple shipped 807,000... Source: Yahoo! News Go Apple!

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