Apple Inc. posted record second-quarter profit and revenue Tuesday that blew past Wall Street expectations, driven by strong iPhone and Macintosh computer sales.
The Cupertino, Calif., company said net income for the quarter ended March 27 surged 87% from a year earlier to $3.1 billion, or $3.33 per share. Analysts polled by Thomson Reuters had expected earnings of $2.45 per share.
Apple’s revenue climbed 49% to $13.5 billion, beating analysts’ estimate of $12 billion.
Full story: Apple profit surges 87% on robust iPhone sales – Apr. 20, 2010