The name may be different, but the earnings song remains the same: The erstwhile Apple Computer Inc., now Apple Inc., posted a vibrant 78 percent jump in profits in the fourth quarter.

Spurred by Holiday shoppers looking for the iPod, Apple recorded $1 billion in profits for the last quarter, the New York Times reports. The figure exceeded even the most optimistic expectations. Apple set both revenue and profit records for the quarter: Revenue reached $7.12 billion, a 24 percent increase over the same quarter in 2005.

The soaring demand for iPod products seems to be having a halo affect on Apple's Macintosh computer line as well. Mac sales increased over 30 percent in Q4.

Some analysts say PC owners may continue to migrate to Macs as Microsoft's Vista operating system struggles to reach market.