Apple Beats Expectations Again, Sells 35M iPhones
Earnings nearly doubled from a year ago
By Newser Editors and Wire Services
Posted Apr 24, 2012 4:08 PM CDT
The Apple iPhone 4s.   (Getty Images)

(Newser) – Apple, the world's most valuable company, is trumping skeptics once again by reporting blow-out iPhone sales. Apple says it sold 35 million iPhones in the quarter, almost twice as many as it sold a year ago and above analyst expectations. Company shares were down before the report because investors believed phone companies had reined in iPhone sales.

Net income in the fiscal second quarter, which runs January to March, was $11.6 billion, or $12.30 per share. That was up nearly double the net income of $6 billion, or $6.40 per share, a year ago. Analysts polled by FactSet were expecting earnings of $10.07 per share for the latest quarter, Apple's fiscal second. Revenue was $39.2 billion, up 59% from a year ago. Analysts were expecting $37 billion.

Copyright 2016 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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Showing 3 of 8 comments
elderban
Apr 25, 2012 1:39 AM CDT
Apple once again proves that the world is full of materialistic idiots.
myflap.blow
Apr 25, 2012 12:08 AM CDT
that's something like 270 a minute.
jackthelad1
Apr 24, 2012 8:55 PM CDT
keep those african children busy digging minerals...