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Apple Destroys Analyst Expectations

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Apple Destroys Analyst Expectations

Apple truly is a juggernaut.

Analysts asked incredible numbers of the Cupertino-based company and not only did Apple deliver, it shattered those expectations.

Behind the power of surging iPad and iPhone sales, Apple reported income in the third quarter of $7.31 billion, or $7.79 a share.

Monday analysts had predicted Apple's earning call would impress but most had anticipated earnings to be around $5.82 a share.

Not only did Apple surpass those expectations, it also doubled its net income from last year at this time, when the coupled scored $3.25 billion in net income, or $3.51 a share.

Apple's revenue were up 82 percent from last year as well to $28.6 billion. Analysts were anticipating a figure around $25. billion.

The strong showing was powered by strong iPhone and iPad sales. Apple said it sold 20.3 million iPhones and 9.25 million iPad units last quarter.

Related Topics Apple, iPad, iPhone, numbers
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