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Apple sees strong demand for iPhone, producing $13.6 billion in profit
Apple sees strong demand for iPhone, producing $13.6 billion in profit

Apple posted net income of $13.6 billion during the first three months of the year on top of stronger-than-expected demand for the iPhone, the company announced Monday. The profit represented a 33% jump, from $10.2 billion, in the same period last year. Apple’s earning per share came in at $2.33, topping the $2.16 per share prediction of analysts polled by Bloomberg. Apple sales in Greater China and other parts of Asia except Japan soared about 66% compared with last year to more than $21 billion. Overall revenue was $58 billion. Apple's board of directors also approved increased dividends and additional share buybacks, meaning that by March 2017, Apple will have sent $200...

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