Author: Jamie Welch, Senior Editor

Apple's $15.7 billion in revenue is highest ever

Propelled by sales of the iPhone and iPad, Apple earned $3.25 billion in profit on $15.7 billion in revenue, its highest quarterly revenue ever. The company reported its fiscal third-quarter results on Tuesday. Its reported earnings for the quarter represent an 88 percent increase in revenue over the same quarter a year ago, when Apple recorded revenue of $8.34 billion. The $15.7 billion figure is also on the high side of what Wall Street had been expecting: Analysts were anticipating between $13.82 billion and $15.74 billion in revenue, and earnings between $2.65 and $3.74 per share. Apple had offered...

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