Apple said on Tuesday its profit jumped 15 percent in the most recent quarter despite the economic crisis, as sales of iPhones topped 5 million. But the Silicon Valley giant sold 7 percent fewer iPods than their previous report.
Apple earnings rose to $1.23 billion, or $1.35 per share. Apple's profit was $1.07 billion, or $1.19 per share last year. Sales increased 12 percent to $8.33 billion.
Apple beat Wall Street's forecast on both counts. Analysts were expecting Apple to earn $1.17 per share on $8.20 billion in revenue, according to a Thomson Reuters survey.
U.S. & World
Apple says iPhone unit sales increased more than sevenfold to 5.2 million, and the company sold 4 percent more Mac computers than in the same period last year.