Apple surpassed even the most optimistic of analyst expectations to deliver a record $1 billion in profit for its first quarter.
The company sold more than 21 million iPods in the quarter ended Dec. 30 -- up 50 percent from the 14 million it sold a year earlier, racking up $3.43 billion in sales from the devices. That's nearly half of Apple's total revenue.
Mac sales were impressive as well. The company shipped more than 1.6 million units during the quarter -- 28 percent more than it did a year ago -- even as overall U.S. PC shipments declined by 3.2 percent.
Excerpted from today's GoodMorning, Silicon Valley [bold emphasis mine]
