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Apr
23

It’s just a quick update on Apple’s financial achievement:  the computer giant surprises Wall Street.  Apple posts results above analysts’ expectations. iPod touch and iPhone sales contributed to this result significantly.

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For the period ended March 28, Apple reported net income of $1.2 billion, or $1.33 per share, compared to earnings of $1 billion, or $1.16 a share, for the same period the previous year. Revenue grew nearly 9% to $8.16 billion for the quarter.

Analysts were expecting Apple to report earnings of $1.09 per share on revenue of $8 billion, according to consensus estimates from FactSet Research.

[via Market Watch]

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