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Apple said revenue from the iPhone jumped 28 percent during the crucial holiday shopping season. The results arrived with an unusual level of anticipation, even for a company as high-profile as Apple, because of anxiety among some investors about Apple's ability to sustain its growth and create new hit products. Apple's stock has lost about a quarter of its value since September, erasing more than $170 billion of its market value.

 

Apple said its net income for its fiscal first quarter ending Dec. 29 was $13.1 billion, or $13.81 a share, compared with $13.1 billion, or $13.87 a share, in the same period a year earlier.


The company's revenue was $54.5 billion, up from $46.33 billion a year ago.


Shares of Apple fell almost 10% in after-hours trading.


Sourc: Reuters

 


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