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Apple Earnings Soar on Huge iPhone Sales

Company sells 37M as earnings double

By John Johnson,  Newser Staff

Posted Jan 24, 2012 3:59 PM CST

(Newser) – Apple's first quarter since the death of Steve Jobs went very, very well: The company reported that net income doubled to a record $13.1 billion from the same period last year, reports MarketWatch. That translates to $13.87 per share, beating by a mile analysts' estimates of about $10 a share, notes the Wall Street Journal. Credit the iPhone: The company shipped 37 million, well more than the 30 million analysts expected. The iPad also did well, with 15.4 million sold instead of the 13.8 million that were forecast.

The iPhone 4S is shown by a customer at a shop in Tokyo on the launch day in Japan Friday, Oct. 14, 2011.
The iPhone 4S is shown by a customer at a shop in Tokyo on the launch day in Japan Friday, Oct. 14, 2011.   (AP Photo/Itsuo Inouye)
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COMMENTS
Showing 3 of 7 comments
Disillusioned
Jan 24, 2012 11:56 PM CST
All the fine people who clicked BRILLIANT, I have only three possible reasons: 1: Mommy n Daddy still buy your socks as well as your phone 2: You are one of the wealthy factory owners in China 3: Your so busy being trendy that while bitchin about loss of jobs in the USA you make an online purchase with a new two year contract for the next Apple POS that pops off the line Simple math, you want more jobs in America buy American or at least spend the least you can on a phone and tell the companies like Apple you refuse to send massive amounts of money to other countries and will not buy the shinny new toy till it is AMERICAN MADE Now go call your BFF and whine some more while I puke while thinking about you and your spoiled unrealistic a$$ and your ignorant point of view
user99
Jan 24, 2012 10:00 PM CST
Apple will never see my money.
NoddaAndYou
Jan 24, 2012 4:40 PM CST
And yet Android now has nearly 50% of the smart-phone market. Apple has a way of relegating itself to 10-15% of any given market, and they're quickly marching in that directly with there already dwindling 28%.

 
iPhone • Apple • corporate earnings • tech industry

 
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