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Apple Records $1.7 Billion Q4 Profit

Drop in revenue from iPods cushioned by sales of Macs, iPhones.

Apple made up for falling sales of iPods by selling more Mac computers and iPhones during the quarter than it has before, pushing the company to a $1.67 billion profit, up 46% over the year-ago frame.

The company reported on Monday that revenue rose 25% to $9.87 billion in the fiscal fourth quarter.

Revenue and profit both exceeded the expectations of Wall Street analysts and investors responded by bidding shares of Apple as much as 7% higher in after-hours trading, pushing it to a 52-week high.

Read more at the Hollywood Reporter.