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Apple Posts $32 Million Q3 Profit

Apple announced a $32
million profit
for its third fiscal quarter of the year.
Revenues for the quarter were $1.43 billion (down 3 percent
from the same quarter last year) and gross margins were a
still-healthy 27.4 percent (although that too is down from
29.4 percent a year ago). Apple says it shipped just over
800,000 Macs in the quarter, and international sales
accounted for 42 percent of revenue. Despite
the current economic conditions, Apple remains in good shape
compared to most other computer makers, with some $4.3
billion in cash on hand, and expects a small profit for its
next quarter, barring any large non-recurring expenditures.

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