SAN JOSE: Apple Inc posted a record profit in its fiscal first quarter, beating Wall Street estimates as earnings rose 78% amid strong holiday sales of its iPod music players and Macintosh computers.
Investor enthusiasm over the blowout quarter, however, was curbed by a second-quarter outlook that fell below analyst expectations. Apple officials said on Wednesday the March quarter forecast partly stems from expectations of slightly lower gross margins and slower software sales ahead of the company’s spring release of its upgrade to the Mac OS X operating system, dubbed Leopard.
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