Apple Has A Surprisingly Strong Quarter

First Intel wowed the technology industry with their best quarter ever, and now Apple beat virtually all analyst estimates for its third quarter:

For the quarter ended June 27, the company reported earnings of $3.25 billion, or $3.51 per share, compared with earnings of $1.83 billion, or $2.01 per share, for the same period the previous year.

Revenue jumped 61% to $15.7 billion.

Analysts were expecting earnings of $3.11 per share on revenue of $14.75 billion, according to consensus forecasts from Thomson Reuters.

Read the full story at Market Watch.

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Niraj Chokshi is a former staff editor at TheAtlantic.com, where he wrote about technology. He is currently freelancing and can be reached through his personal website, NirajC.com. More

Niraj previously reported on the business of the nation's largest law firms for The Recorder, a San Francisco legal newspaper. He has also been published in The Hartford Courant, The Seattle Times and The Age, in Melbourne, Australia. He's also a longtime programmer and sometimes website designer.

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