Apple had good and bad financial news Wednesday, but all that analysts seemed to want to discuss was something the company wouldn't talk much about: its new iPhone. Buoyed by strong holiday sales of iPods and notebook computers, Apple posted record quarterly earnings and profit, blowing through Wall Street expectations.

But company officials also offered a weaker-than-expected forecast for Apple's current quarter, causing investors' jitters.

The company offered more about its holiday results. In the fiscal first quarter ended Dec. 30, the iPod maker earned $1 billion, or $1.14 a share, on $7.12 billion in sales. That was well above results in the same period a year earlier, when Apple posted a profit of $565 million, or 65 cents a share, on sales of $5.75 billion.

Apple's Q1 Profits Up To $1billion [siliconvalley.com]