Updated from 5:09 p.m. EST to provide comments from the conference call and updated share price.
CUPERTINO, Calif. ( TheStreet) -- Apple (AAPL - Get Report) blew away Wall Street estimates, and revenue moved well past the $40 billion mark in its latest quarter, as sales of the iPhone, iPad, and Macs were extremely strong for the holiday period.
Apple reported earnings of $13.06 billion, or $13.87 a share, on revenue of $46.33 billion for its fiscal first quarter ended Dec. 31. Analysts polled by Thomson Reuters expected a profit of $10.15 per share on just over $39 billion in revenue in the period.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts