Apple Reports Q1 Revenue of $46B
Apple earned $13.87 per share on revenues of $46.33 billion in the fourth quarter, Tim Cook's first full quarter as CEO. A year earlier it reported a profit of $6 billion or $6.43 a share on revenues of $26.74 billion.
Analysts polled by Thomson Reuters expected a profit of $10.07 a share on sales of $38.76 billion.
Shares of Apple are up $1.79 (.43%) to $422.20 in after-market trading.
— Sarah Reedy, Senior Reporter, Light Reading Mobile