Apple Rides iPhone Frenzy

By JESSICA E. VASCELLARO And IAN SHERR Apple Inc.’s quarterly profit nearly doubled as iPhones and iPads continued to fly off shelves, putting to rest recent worries that the company can’t maintain its momentum. Shares gained more than 7%, or $40.55, …Find out more from Wall Street Journal



Fresh Apple news

Apple crushes Street targets, dispels iPhone fears

By Poornima Gupta | SAN FRANCISCO (Reuters) – Apple Inc’s quarterly results beat Wall Street estimates on stronger-than-expected demand for the iPhone, especially in the greater China region where sales jumped five-fold. While iPad sales were a little …Find out more from Reuters

Apple Profit Rises on Higher iPhone and iPad Sales

Apple said Tuesday that soaring sales of its iPhone, especially in Asia, nearly doubled its profit in the company’s fiscal second quarter. Apple said it sold 35.1 million iPhones in the quarter, an 88 percent increase from the period a year ago.Find out more from New York Times

Apple trumps earnings expectations

By Peter Svensson, AP NEW YORK – Apple Inc., the world’s most valuable company, trumped skeptics once again by reporting blowout iPhone sales. Workers and shoppers at the Apple store in Grand Central Station in New York. Workers and shoppers at the …Find out more from USA TODAY

Apple profit nearly doubles on solid iPhone sales

By David Goldman @CNNMoneyTech April 24, 2012: 6:04 PM ET NEW YORK (CNNMoney) — Much stronger-than-expected iPhone sales helped Apple nearly double its profit last quarter. The world’s most valuable company said it sold 35.1 million iPhones during the …Find out more from CNN

Apple Results Top Estimates as iPhone Sales Soar

Apple, which now has more than $100 billion in cash on hand, said today that second-quarter sales and profit rose on continued demand for the iPhone 4S and new buyers of the third-generation iPad. But with about a 40 percent rise in the shares so far …Find out more from Forbes

Apple profit beats expectations, led by strong iPhone, iPad sales

By David Sarno Apple Inc. is keeping up its economic momentum, selling 35 million iPhones and 12 million iPads on the way to its best second quarter ever. The company reported $39.2 billion in revenue, including $11.6 billion in profit, a near-doubling …Find out more from Los Angeles Times

Apple’s 2Q Results Shatter Views, Shares Rally

By Kathryn Glass Apple Inc. (AAPL) delivered a sweet second-quarter financial earnings beat, buoyed by international sales, and also logged better-than-expected iPhone sales, moving the shares higher after-hours trading. In the fiscal second quarter, …Find out more from Fox Business

Apple Earnings Blow Past Expectations; Shares Rise

Apple reported quarterly earnings and revenue that beat Wall Street’s expectations on Tuesday, sending its shares higher in extended-hours trading. After the earnings announcement, the technology giant’s In the past two weeks, Apple stock has dropped …Find out more from CNBC.com

Blog posts about Apple

Apple Q2 2012: 35.1M iPhones, 11.8M iPads, 4M Macs, and 7.7M …

Apple just released its second quarter financial numbers. Overall … “We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO said in a release statement today.More By Matt Burns

Apple announces record quarter sales, 94% year over year net profit …

Apple just posted its Q2 2012 SEC filings.CUPERTINO, California-April 24, 2012-Apple ® today announced financial results for its fiscal 2012.More By Erica Sadun

Apple Reports Results for Q2 2012: $11.6 Billion Profit on $39.2 …

Apple today announced financial results for the first calendar quarter of 2012 and second fiscal quarter of 2012. For the quarter, Apple posted…More By Jordan Golson

Apple Q2 2012 earnings: $39.2 billion in revenue, net profit of $11.6 …

How do you follow up a stunning Q1 where you set record quarterly earnings and issue a sizable dividend to investors? Well, if you’re Apple, you just keep on keepin’ on, shattering even the wildest expectations with “a record March quarter.More By Darren Murph

Apple posts record Q2 2012 earnings: $39.2B in revenue, net profit …

Apple is reporting another record quarter as the company releases its fiscal Q2 2012 earnings shortly before its earnings call with investors this afternoon. The company blew expectations out of the water and announced $39.2 billion in …More By Jake Smith