Apple's quarterly profit surges 94pct to $11.6bn
Washington, Apr 25 (ANI): Tech giant Apple Inc's profits in the first three months of the year have reached 11.6 billion dollars, smashing Wall Street expectations.
The net profit was 94 percent higher than in the same quarter last year and dwarfed the 9.4 billion dollars that analysts had forecast.
Apple sold 35.1 million iPhones during the quarter, an 88 percent increase from the period a year ago.
It sold 11.8 million iPads, more than double the number it sold in the same quarter last year, The Telegraph reports.
The results were enough to drive Apple shares five percent higher in extended trading in New York.
According to the paper, international sales accounted for 64percent of the 39.2 billion dollars of revenue that Apple generated in the quarter.
Meanwhile, analysts have predicted the performance will go a long way to ease a cluster of concerns that had seen Apple's shares fall 12 percent in the past fortnight. (ANI)
Read More: K M Street | Chaitanya Bharathi Inst. Tech | Motilal Street | Directorate Of Tech Education | Ma West Masi Street | Kannar Street | Tirukachinambi Street | Cutcherry Street | Mettu Street | Cholakkadai Street | Nut Street | Council House Street | Beadon Street Mdg | Kalakar Street Po | Linton Street | Park Street Ho | Little Russel Street | Russel Street | Princep Street | Apple iPad3 | Apple
MONEY SPINNING IPL SHOULD BE BANNED - PASWAN
May 18, 2013 at 9:44 PM
CBI SUPERINTENDENT SENT TO THREE DAY POLICE REMAND
May 18, 2013 at 9:42 PM
SIDDARAMAIAH EXPANDS CABINET, ENSURES NO WATER CRISIS
May 18, 2013 at 9:41 PM