Apple 10298 Published by Bob 0

Apple posted one of the best third quarters in its history Wednesday -- as record sales of Mac computers and strong iPod demand drove a 73 percent jump in profit -- and said it has its sights set on selling 1 million of its new iPhone devices by the end of the current quarter. Apple easily beat Wall Street predictions for the quarter that ended in June, with revenue rising 24 year over last year to $5.41 billion.

Apple Blossoms on Strong Q3

Apple 10298 Published by Bob 0

The old record store has all but fled the mall and found a happy home online, and the compact disc may soon join vinyl in the musical dustbin. Apple's iTunes Store has sold more than 2 billion tracks in its four-year history, and the number of online music store users has been growing at about 50 percent a year. Apple's the biggest, but it isn't the only option for digital music.

Beyond iTunes: The Lowdown on Downloads

Apple 10298 Published by Bob 0

AT&T's strong subscriber growth in its wireless business propelled its earnings past expectations, the company said, but the results were overshadowed by data showing early sign-ups for iPhone service fell short of forecasts. AT&T, the exclusive carrier of the iPhone in the U.S., said it had activated 146,000 subscriptions for the Apple device in the first two days following its June 29 launch.

AT&T Beats Street, iPhone Numbers Cast Shadow on Apple