Apple reported a record 78% jump in profits on Wednesday powered in large part by a music related sales
including a whopping 21 million iPods in the last 3 months of 2006 alone. That’s a 50% jump over the previous year despite new or renewed competition from other portable players.
Investors still gave Apple stock a luck warm response in after hours trading because of a pending SEC investigation into back dated stock options and lower profit warnings for next quarter. (Forbes)
