Apple Reports Blowout Profits Again on iPads, iPhones

Apple announced strong second-quarter earnings Tuesday, beating Wall Street estimates and easing worries that the tech giant may be losing steam. Apple said that profit nearly doubled to $11.6 billion or $12.30 a share on sales of $39.2 billion compared with a year earlier. That beat analysts' estimates of $10.04 a share on $36.81 billion in revenue, according to a consensus estimate from Thomson Reuters. Apple sold 11.8 million iPads last quarter and 35 million iPhones, in line with analyst...Full Story
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