Apple earnings round-up: Profit and revenue explode

Apple reported its latest quarterly earnings and both revenue and profit soared year-over-year (YoY). Revenue grew 83 percent to $24.7 billion, and profit jumped 95 percent to $6 billion. The iPhone was, by far, the biggest revenue driver, with sales jumping to 18.6 million, over 100 percent growth YoY. iPad sales, on the other hand, sputtered, falling well below analyst expectations ... [ read the full article ]