Apple definitely enjoyed the past holiday season.
The company reported a profit of $1 billion for its first fiscal quarter as iPod sales increased by 50 percent compared with the same period a year ago, Apple said in a press release Wednesday. Revenue was $7.1 billion, up about 25 percent from the previous year's first-quarter revenue of $5.7 billion. Earnings per share were $1.14, up sharply from the previous year's earnings per share of 65 cents.
The results far outdid analyst expectations as tallied by Thomson First Call. The projection was for revenue of $6.… Read more