May 22, 2013

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Apple Earnings Rose like Skyrocket

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Apple turned in a quarter that blew past analyst forecasts as sales of iPods, iPhones and Macs each exceeded expectations. The company’s shares were up more than 5% in extended trading.

Apple said it sold 2.94 million Mac computers during the quarter, up 33 percent year over year. It sold 8.75 million iPhones, up 131 percent. The number of iPods sold dropped 1 percent to 10.89 million.

At $3.33 a share, Apple’s earnings exceeded Wall Street estimates. The company’s fiscal second quarter ended March 27; iPad sales began a few days later on April 3.

Apple expects $13.0 billion to $13.4 billion in sales for the current quarter and earnings of $2.28 to $2.39 a share, Apple CFO Peter Oppenheimer said in the statement.



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