First-quarter earnings, on a per-share basis, rose to $2.84 from $2.40 in the prior-year quarter. The latest number came in above the market’s expectations. Net income was $42.1 billion in Q1, compared to $36.3 billion in the year-ago period.
“iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14 percent from a year ago. We are also excited to announce that our installed base now has more than 2.5 billion active devices, which is a testament to incredible customer satisfaction for the very best products and services in the world,” said Tim Cook, Apple’s CEO.
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