The company more than doubled its profit over the same period a year earlier, far exceeding analysts' expectations. Revenue jumped 82 percent. A record 20.3 million iPhones were sold, which was 2 million more than in the previous three months. A record 9.25 million iPads were sold, beating its previous record of 7.3 million. And once the results were announced, after-hours trading in Apple stock shot up 5 percent, to just under $400 a share. From Bloomberg:
Apple typically reports results that exceed analysts' estimates. The company had previously beaten the average earning projection for at least 29 straight quarters, according to data compiled by Bloomberg. "The biggest question with Apple is: Is this story sustainable?" said Shaw Wu, an analyst with Sterne Agee & Leach Inc. in San Francisco. "Obviously, it is."