Apple CEO Tim Cook talking about the iTouch, iPad and iPhone at the company's Cupertino, Calif. headquarters Oct. 4, 2011 (Credit: Associated Press)
NEW YORK (AP) -- After uncharacteristically tepid sales in the July-to-September quarter, Apple came back with a vengeance in last three months of 2011, vastly exceeding analyst estimates and setting new records.
Apple says it sold 37 million iPhones in the quarter, double the figure of the previous quarter and more than twice as many as it sold in last year's holiday quarter.
Net income in the fiscal first quarter was $13.06 billion, or $13.87 per share. That was up 118 percent from $6 billion, or $6.43 per share, a year ago.
Analysts polled by FactSet were expecting earnings of $10.04 per share for the latest quarter, Apple's fiscal first.
Revenue was $46.33 billion, up 73 percent from a year ago. Analysts were expecting $38.9 billion.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.