Apple soars past first-quarter earnings expectations
Updated throughout at 3:30 p.m. PST with details from conference call.
Apple reported on Wednesday first-quarter earnings significantly higher than analysts had expected coming off a disappointing holiday season for most tech companies, but provided its usual conservative guidance.
For the three-month period ended December 27, Apple recorded $10.2 billion in revenue, as compared with $9.6 billion a year ago, and net income of $1.6 billion, as compared with $1.58 billion a year ago. That translates into earnings per share of $1.78, far more than the $1.39 in earnings per share that … Read more