Apple Computer reported quarterly profit more than doubled on strong sales of its iPod digital music player and notebook computers.

Net income for the fourth quarter ended Sept. 25 rose to $106 million, or 26 cents per share, from $44 million, or 12 cents per share, a year ago.

Analysts had forecast profits of 18 cents a share on average. Revenue rose 37 percent to $2.35 billion from $1.72 billion, also topping forecasts.

For the current quarter, Apple said it expects a per-share profit of 39 cents to 42 cents on revenue of $2.8 billion to $2.89 billion.  Analysts expect a profit of 28 cents per share, on average, within a range of 23 cents to 34 cents, on revenue of $2.52 billion.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved