News Alert: Apple earnings sail past estimates

Tuesday, January 24, 2012

   
The Washington PostTuesday, January 24, 2012 4:51:25 PM
TECHNOLOGY NEWS ALERT

Apple earnings sail past estimates


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.


Read more at:
http://www.washingtonpost.com/business/technology/apple-doubles-iphone-sales-in-holiday-quarter-sailing-past-analyst-estimates/2012/01/24/gIQAcNfIOQ_story.html



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