– Apple (NASD:  AAPL) sold nearly 9
million iPhones during its fiscal first quarter ended Dec. 26, while iPod sales
fell 8% to 21 million as the company reported a 50% jump in profit and 32%
increase in revenue for the period. Apple posted a profit of $3.38 billion for
the quarter, while revenue hit $15.68 billion. While iPod sales were down for
the holiday shopping period, iPhone sales actually increased 100%

The company attributed some of its positive results to a change
in the way it accounts for subscription revenues from iPhone and Apple TV

"If you annualize our quarterly revenue, it’s surprising that Apple
is now a $50+ billion company," said Apple CEO Steve Jobs.

"The new
products we are planning to release this year are very strong, starting this
week with a major new product that we’re really excited about," Jobs
added, referring to the expected introduction of a tablet PC by the company at
a media event in San Francisco tomorrow.


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