Apple does it again with $123 million quarter

Apple Computer posted its fifth consecutive quarter in the black with a $123 million profit on $1.7 billion in sales, an 8% improvement from the same quarter a year before. Apple says that 519,000 iMacs were sold in the quarter, which was below estimates, but still a stunning achievement for a company that is no longer seen as a threat to Windows.

"Unit growth year-over-year was three to four times higher than the industry average," said Steve Jobs, Apple's "iCEO." "In addition, Apple ended the quarter with only two days of inventory, besting industry-leading Dell's seven days of inventory.

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