Despite the fact that Macintosh sales have seen their first year-over-year decline in a long time, the decline was only 3%, which is significantly better than the 6.5% decline in the overall PC market. Sales of iPods saw a 3% year-over-year rise, and the iPhone saw a massive 123% increase in year-over-year sales, and was down only 15% from the usually very rosy holiday quarter.
As a consequence, the company also did very well money-wise. "Revenue came in at $8.16 billion, which netted the company a profit of $1.33 per share. The holiday quarter had only seen revenue of $2 billion more, driving profits of $1.78 a share, while the quarter one year earlier had seen $7.51 billion in revenue and a profit of $1.16 a share. So the quarterly drop wasn't especially large, and the company maintained its yearly growth." The company maintained its revenue growth by increasing its gross margins by 3% to 36.4%.
We can conclude from this that Apple is weathering the storm quite well, despite worries that the lack of cheaper models could negatively affect the company during these economic harsher times.