IPad pushes Apple Revenue Up Almost 50%
Thanks in part to the increasing momentum of the iPhone, Apple has bested Wall Street's predictions again, this time for its second quarter 2010 earnings.
Apple on Tuesday reported revenue of $13.5 billion and profits of $3.07 billion, or $3.33 earnings per share. That's a 49-percent increase from the $9.08 billion in revenue reported in the same quarter a year ago.
Analysts had been expecting revenue between $11.2 billion and $13.25 billion, and earnings per share between $1.93 and $2.72.
READ MORE: Cnet.com