Apple on Wednesday reported it finished 2008 with record quarterly profit of 1.61 billion dollars, with iPod sales hitting an
all-time high.
The iconic California company posted revenue of $10.17 billion in the three months ending December 27, 2008 and declared quarterly earnings of $1.78 per share.
Analysts had forecast Apple earnings of 1.29 dollars
per share for the quarter.
The results topped the profit of $1.58 billion, or $ 1.76 per share, seen by the firm in the same quarter a year earlier.
"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history, surpassing $10 billion in quarterly revenue for the first time ever," Apple chief executive Steve Jobs said in a written release.
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