Apple just reported its first quarter earnings, and they were huge, though they missed Wall Street's expectations.
The iPhone and iPad maker posted revenue of $54.5 billion and earnings of $13.1 billion, or $13.81 per share. That was just below the $54.7 billion and slightly above the earnings per share of $13.44 Wall Street was expecting, but above the $52 billion and $11.75 per share Apple forecast for itself back in October.
Apple sold 47.8 million iPhones during the quarter, which ended in December. Sales of the iPad came in at 22.… Read more