Apple reported first quarter earnings on Tuesday afternoon after the close of the market, facing expectations for another strong quarter of revenues and iPhone sales following the release of the iPhone 6 models. They exceeded those expectations with record results, as sales rose 30 percent to $74.6 billion (yielding profit of $18 billion), with iPhone sales of 74.5 million units. The stock is up over 7 percent in Wednesday morning trading. They sold 21.4 million iPads (compared to 26 million the same quarter a year ago), reaching 260 million iPads sold since their launch in 2010. Services, the line item in […]
