02/21/2009 05:12 am ET Updated May 25, 2011

Apple Sees Record Profits As iPod Sales Grow

A consumer love affair with Apple products appears to be surviving the recession, with the Silicon Valley company reporting record sales and profits in the final quarter of 2008.

Apple said there were record sales of its iPod media players, while iPhone unit sales were up 88 per cent compared with a year ago and Mac computer sales rose 9 per cent. Its shares rose 9 per cent on the news.

Read more on Financial Times