Apple crushed Wall Street's predictions for earnings reported for its second fiscal quarter. The Cupertino based company reported a profit of $1.05 billion on $7.51 billion in sales—a 36 percent profit—not too shabby. Primarily powered by strong, iPod and robust iMac computer sales, with 2.29 million units sold, that's 51 percent increase over last year,

iPod sales were strong with 10.6 million units sold Apple's orchard is looking pretty healthy at the moment despite all the broader economic woes across other industries.

iPhone sales were weaker, down 26 percent from the previous quarter, as consumers standby waiting for the next iteration of the landmark device. Despite the overall good news there was one other blemish, Apple's stock price dropped as analysts were off slightly on the earnings per share. Apple share price fell $1.18, or less than 1 percent, to $161.71 in after-hours trading,

Nevertheless, the outlook looks pretty good as Apple products seem to be thick-skinned and recession proof, and with Apple also predicting a 7 percent slice of the cell phone market with its iPhone by 2009, it should be a bountiful harvest, come year's end.