Apple Inc. reported a 93% earnings jump for the March quarter on Tuesday afternoon, beating Wall Street's estimates thanks mostly to strong iPhone sales
For the period ended March 31, Apple reported net income of $11.6 billion, or $12.30 per share, compared to earnings of $6 billion, or $6.40 per share, for the same period last year
Revenue jumped 59% to $39.2 billion
Analysts were expecting earnings of $10.07 per share on revenue of $36.96 billion, according to consensus forecasts from FactSet Research
The company said it shipped 35.1 million iPhones in the period, and 11.8 million iPads.
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