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.