Rev from player grew 36% to $1.4 billion.

Apple Computer says fiscal third quarter iPod shipments increased 32% year-over-year to 8.1 million units, while revenues from the portable music player grew 36% to $1.4 billion.

Sales of music products and related services—including downloads from the iTunes Music Store—increased 90% to $457 million.

There has been fretting among some analysts over iPod’s quarter-to-quarter business—shipments were down 5% and revenues slipped 13% vs. second quarter results.

But Apple CEO Steve Jobs said that the iPod has more than 75% market share of the MP3 player business in the U.S. And while there is yet to be a new iPod release in calendar 2006, Jobs said “we are extremely excited about future iPod products in our pipeline."

Overall company profits for the quarter, which ended July 1, increased 47.5% year-over-year to $472 million, driven by sales of iPods and Mac computers. Revenues grew 24% to 4.37 billion. International sales accounted for 39% of the quarter's revenue.