Apple Second-Quarter Net Income Leaps 90 Percent

Apple's earnings in the second quarter have surged past analysts' expectations, and strong iPhone sales are the key: Apple says nine million of the smartphones were sold in the three months that ended March 27, more than double sales from a year ago. Strong Macintosh sales also bolstered Apple's numbers, with almost three million sold.

Apple says its net income in the most recent quarter jumped 90 percent, helped by strong iPhone and Macintosh computer sales.

Its results blew past Wall Street's expectations.

Apple Inc. says it sold nearly 9 million of its popular smart phones in the three months that ended March 27, more than double sales from a year ago.

The company sold almost 3 million Macs, a 33 percent increase. IPod unit sales edged down 1 percent, but Apple still sold 10 million of the digital players.

Apple says it earned $3.07 billion, or $3.33 per share. Revenue rose 49 percent to $13.5 billion.

Analysts expected Apple to earn $2.45 per share on $12.04 billion in revenue.

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