Apple Earnings Soar on Huge iPhone Sales

Apple's first quarter since the death of Steve Jobs went very, very well: The company reported that net income doubled to a record $13.1 billion from the same period last year, reports MarketWatch. That translates to $13.87 per share, beating by a mile analysts' estimates of about $10 a share, notes the Wall Street Journal. Credit the iPhone: The company shipped 37 million, well more than the 30 million analysts expected. The iPad also did well, with 15.4 million sold instead of the 13.8 million that were forecast. (More Apple stories.)