Apple Earnings, Sales Soar
Apple’s quarterly profit jumped by 36 percent as the company said Wednesday that it earned $1.05 billion, or $1.16 a share, on $7.51 billion in sales for its second fiscal quarter.
The financial performance by the Cupertino, California company exceeded its own forecast as well as analysts’ predictions.
Apple said it sold 10.6 million iPods, 2.29 million Macintosh computers and 1.7 million iPhones during the three months ended in March. The quarterly revenue mark represented an increase of 43 percent over the year-earlier period.
Wall Street had predicted quarterly earnings per share of $1.07 on $6.9 billion in revenue.