Apple profit more than doubles; 37 million iPhones, 15.4 million iPads sold in the quarter

SAN FRANCISCO (MarketWatch)
Apple Inc. said Tuesday afternoon that earnings surged 118% for its first fiscal quarter, mostly on strong sales of the iPhone
For the period ended Dec. 31, Apple reported net income of $13.1 billion, or $13.87 per share, compared to net income of $6 billion, or $6.43 per share, for the same period the previous year Revenue jumped 73% to $46.3 billion
Analysts were expecting earnings of $10.08 per share on revenue of $38.85 billion for the quarter, according to consensus forecasts from Thomson Reuters
For the current quarter, Apple projected revenue of $32.5 billion with earnings per share of $8.50, adding that the quarter includes 13 weeks
Analysts were expecting revenue of $32 billion with earnings per share of $8.02, according to consensus forecasts.