Apple reported fiscal third-quarter earnings Monday that beat forecasts on strong sales of Mac computers and iPhones. But shares fell after-hours as the company's outlook for the fourth quarter disappointed investors.

The Cupertino, Calif.-based company posted fiscal third-quarter net income of $1.07 billion, or $1.19 per diluted share, up 31% from last year's earnings of $818 million, or 92 cents per share. Analysts were expecting earnings of $1.08 per share according to Thomson Reuters.

Sales rose to $7.46 billion, up 38% from the same quarter a year ago when Apple reported sales of $5.4 billion. Wall Street was forecasting revenue of $7.4 billion.

The company said it shipped nearly 2.5 million Macintosh computers during the quarter, up 41% versus last year, and the highest number of Macs shipped in company history.

Apple also said it sold 11 million iPods and 717,000 iPhones in the quarter.

"We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we're busy finishing several more wonderful new products to launch in the coming months," said Apple CEO Steve Jobs in a written statement.

Apple introduced its cheaper and faster 3G version of its popular iPhone earlier this month. The company said it sold 1 million iPhone 3Gs during the first three days that it was available.

By: DocMemory
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