Apple: Profits rise from sales of music and 3G iPods | iLounge News

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Apple: Profits rise from sales of music and 3G iPods

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By Dennis Lloyd

Publisher, iLounge
Published: Wednesday, July 16, 2003
News Categories: Apple

Apple today posted a net profit of $19 million and revenues for the third quarter were $1.545 billion in its financial results for fiscal 2003.

“‘This was a great new product quarter for Apple, starting with the iTunes Music Store and the new third-generation iPods, and ending with the announcement of the Power Mac G5 and the developer preview of Panther, the fourth major release of Mac OS X,’ said Steve Jobs, Apple’s CEO. ‘Customer response to our new products has been very strong, and this quarter we are focused on delivering Power Mac G5s beginning in August and finishing Panther for release later this year.’”

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