Continued strong iPhone and iPad sales, surprisingly good Mac sales, and a rising Chinese market gave Apple a very healthy start to its 2014 fiscal year.
According to an earnings report released Monday, Apple wrapped up the first quarter with a $13.1 billion profit on $57.6 billion in revenue. That compares to $13.1 billion in profit on $54.5 billion in revenue the same quarter last year. (To be precise, overall profits were in fact down just a bit, from $13.078 billion in the first quarter of 2013 to $13.072 billion this quarter.) Earnings per share were better than expected: Analysts had predicted $14.09 per diluted share, when in fact earnings per share were up 5 percent to $14.50.
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