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
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)

(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.

 

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