Apple Inc.’s fiscal first-quarter net income rose 1.9% on strong iPod sales, but the company predicted fiscal second-quarter results will be below Wall Street’s expectations.

Apple
Shares initially jumped 9.8% to $90.92 in after-hours trading as the results topped Wall Street’s expectations, but were last trading only 8% higher. The stock price had fallen in the past week on concerns about the health of Chief Executive Steve Jobs.
“Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history – surpassing $10 billion in quarterly revenue for the first time ever,” Jobs said.
Peter Oppenheimer, Apple’s chief financial officer, added in an interview that “we were well ahead of the market, and the response to the MacBook and MacBook Pros were off the charts.”
Apple, considered a bellwether for consumer spending, has shown resiliency to the economy’s problems, as consumers clamored for the company’s newest and hottest items. (continuare…)