Apple profit on a roll as iPod sales rock

[Mac Reporter]

Apple Computer posted on Wednesday quarterly net income that more than tripled, fueled by surging sales of its market-leading iPod digital music players.

Apple also gave a forecast for its current quarter that is largely in line with current consensus Wall Street estimates. Shares rose 3 percent in after-hours trading on the news.

For its third quarter, ended June 26, Cupertino, Calif.-based Apple said it had net income of $61 million, or 16 cents a share, up from $19 million, or 5 cents a share, in the year-ago period.

Read more at CNET News.com.