Apple Crushes Estimates Again

Apple obliterated recent worries that have dragged down its stock price over the past few weeks.

The company posted net income of $11.6 billion on revenue of $39.19 billion. Earnings per share were $12.30, far more than the $10.06 per share analysts had been expecting. Apple said it sold 35.1 million iPhones for the quarter, up more than 88 percent from the year prior; 11.8 million iPads, up 151 percent; 4 million Macs, up 7 percent; and nearly 7.7 million iPods, down 15 percent. Big numbers — all of them. And save for lower than expected iPad sales, they beat estimates.