With sales of Cupertino, Calif.-based Apple Computer's iPod digital-music player up 124% from last year to $249 million, the company reports a net profit of $61 million, or 16 cents per diluted share,

With sales of Cupertino, Calif.-based Apple Computer's iPod digital-music player up 124% from last year to $249 million, the company reports a net profit of $61 million, or 16 cents per diluted share, for its fiscal 2004 third-quarter earnings.

This represents a big leap from third-quarter 2003, when the company posted a net profit of $19 million, or 5 cents per diluted share.

Apple says iPod shipments for the third quarter ended June 26 jumped 183% to 860,000 units over the same period.

The company reports that third-quarter sales from other music products, a category which includes the iTunes Music Store and iPod-related accessories, totaled $73 million -- a 22% increase from the second quarter of 2004, and a 508% increase over the third quarter last year.

Apple's total sales for the third quarter rose 30% to $2.014 billion, compared to $1.545 billion in the same quarter last year. Gross margin was 27.8%, with international sales contributing to 39% of the quarter's revenue.

According to a Thomson First Call survey, the company's latest results beat the average of Wall Street analysts' estimates by 2 cents a share.