Apple posts $55 million profit

Apple Computer on Wednesday posted a $55 million profit on sales of $1.4 billion. The profit was far higher than any estimates, and shipments of G3 Power Macs improved 8% to 650,000 for the quarter.

"Apple had a great quarter, no question about it," said interim CEO Steve Jobs. "We are very pleased with the strong demand for our Power Macintosh G3 computers, which accounted for 51% of all units sold."

The winning quarter marks the first time Apple has posted two consecutive profits since 1995. Apple posted a $47 million profit the previous quarter

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