Apple Reports Quarterly Profit
Apple reported quarterly revenue of $39.2 billion and a net profit of $11.6 billion for its fiscal second quarter ending March 31, up from $24.7 billion in revenue and a $6 billion profit from the year-ago quarter. The results were well above analysts' expectations. Sales of iPhones reached 35.1 million, 88 percent higher compared to the year-ago quarter, and iPad sales totaled 11.8 million, up 151 percent. The company also sold 7.7 million iPods, a 15 percent decline from the year-ago quarter. (4/25)