In a display of perfect timing, Apple blew past analyst expectations in reporting the best financial performance in its history today.
Apple reported revenue of $26.74 billion and profits of $6 billion, or $6.43 per share. Revenue was up 71 percent from a year ago, and earnings were up 78 percent. Analysts were expecting revenue of $24.38 billion and earnings per share of $5.38.
The company's gross margins dipped slightly to 38.5 percent compared with 40.9 percent a year ago, as Apple had forecast during the company's last earnings call.
The report … Read more