Apple's Profit More Than Doubles on Strong iPhone iPad Sales WSJcom
Apple Inc. steamrolled through growing competition from smartphones and tablets running on Google Inc.'s Android operating system, as the company more than doubled its quarterly earnings and posted surging revenues on strong sales of its iPhone and iPad.
Apple's quarterly profit rose to $7.31 billion for its fiscal third quarter, up from $3.25 billion a year earlier. Revenue soared 82% to $28.57 billion. Gross margins rose to 41.7% from 39.1% a year ago.
The results fueled a spike in Apple's shares in after-hours tra...
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