Tuesday, April 24, 2012

Reuters: Technology News: Apple revenue jumps, beats expectations

Reuters: Technology News
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Apple revenue jumps, beats expectations
Apr 24th 2012, 20:58

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The company's logo is seen on the Apple store in Washington October 6, 2011.REUTERS/Yuri Gripas

The company's logo is seen on the Apple store in Washington October 6, 2011.

Credit: Reuters/Yuri Gripas

SAN FRANCISCO | Tue Apr 24, 2012 4:39pm EDT

SAN FRANCISCO (Reuters) - Apple Inc on Tuesday reported quarterly revenue that handily beat Wall Street estimates, driven by strong demand for its iPhones and iPads, sending its shares 3.5 percent higher.

The consumer electronics giant said its fiscal second-quarter revenue rose to $39.2 billion, better than the average analyst estimate of $36.8 billion, according to Thomson Reuters I/B/E/S.

(Reporting By Poornima Gupta; Editing by Richard Chang)

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