Apple Posts Blockbuster Holiday Sales Quarter

Apple's earnings increased 116 percent year-over-year.


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Investor's Business Daily: For the quarter that ended December 31, Apple earned $13.87 a share, a 116 percent year-over-year increase. Total sales for the company reached $46.33 billion, a 73 percent increase. Apple's results were "amazing in all caps," said ISI Group analyst Brian Marshall. "It's just a blowout across the board. This business model continues to surprise everybody on the upside."

During the quarter, Apple sold 37.04 million iPhones and 15.43 million iPads. The Telegraph points out that according to Gartner's statistics, HP (the number one PC maker) sold only 14.7 million PCs during the quarter. That means Apple sold more iPads than HP sold PCs during the period.

Tags: iPhone, iPad, Apple, earnings

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