Apple Blows Doors Off Wall Street's Q1 Earnings Forecast
It was an insanely lucrative fiscal first quarter for Apple, even by its own increasingly ridiculously lofty standards. Apple on Monday reported first-quarter revenue of $46.33 billion, a 73 percent increase from last year's first quarter, and net income of $13.06 billion, or $13.87 per share, a 118 percent jump year-over-year.
Apple's first quarter was chock-full of eye-popping stats: The company sold more than 52 million iOS devices -- some 37 million iPhones and 15.4 million iPads -- and pulled in a quarterly profit of more than $13 billion.
Even Mac sales rose 26 percent, no mean feat considering the overall PC market sluggishness. Apple's iCloud, which launched three months ago, already has hit the 85-million-user mark.