Apple's Huge Beat: Live Blog Recap
CUPERTINO, Calif. (TheStreet) -- Apple (AAPL) reported its fiscal first-quarter numbers after market close on Tuesday, blasting past analysts' estimates thanks to massive holiday season gadget sales.
The tech giant reported earnings of $13.06 billion, or $13.87 a share, on revenue of $46.33 billion. Analysts were looking for profit of $10.15 per share on just over $39 billion in revenue in the period. International sales accounted for 58% of the company's quarterly revenue.
"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," explained Tim Cook, Apple's CEO, in a statement released after market close. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."
Apple sold 37.04 million iPhones in the quarter, a 128% hike on the prior year's quarter, and 15.43 million iPads, an increase of 111% on the same period last year. During the first quarter, Apple sold 5.2 million Macs, a 26% year-over-year increase. Check out the blog recap for more details on Apple's first-quarter results, its cash position, and second-quarter guidance. --Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: tips@thestreet.comSelect the service that is right for you!
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