Apple Sets Record on iPod Sales
Apple posted its first-ever quarter of more than $10 billion in revenues in part due to sales of the iPod, which proved a popular Christmas gift worldwide despite the U.S. recession.
The company said Wednesday that its revs rose 6 percent to $10.2 billion in the fiscal first quarter that ended Dec. 27, while earnings rose 2 percent to $1.6 billion.
The financial report came as Wall Street mulled news that the SEC was investigating whether Apple hid the truth about the poor health of CEO Steve Jobs, who recently announced a medical leave.
On a conference call Wednesday, the first question was about Jobs, and it was answered by both COO Timothy Cook and CFO Peter Oppenheimer.
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