Apple Beats Expectations With $51.5 billion Quarter, 48 Million iPhones Sold

by Greg Sterling
Apple announced its fiscal Q4 earnings. Financial analysts had been expecting $51.04 billion in revenues and earnings per share (EPS) of $1.88. Apple beat both sets of expectations with $51.5 billion in revenue and $1.96 EPS. The company said it had net profit of $11.1 billion. Gross margins were 39.9 percent versus expectations of 39.3 percent.Read the full article