By John Oates, 16 July 1998 14:11
NEWS Apple surprised Wall Street yesterday with better than expected third quarter results. Revenues of $1.4bn (£0.88bn) were flat with the previous quarter - down $340m (£212m) from the same period last year - but profits rose to $101m (£63m). The company blamed the flat turnover on supply problems with its Powerbook range and on the lack of a true consumer product. The iMac will fill this gap when it reaches the shops on August 15.
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