Apple stock rose in after-hours trading after the company reported much better than expected earnings. The results were paced by strong sales of the iPhone.
After tepid sales in the July-to-September quarter, Apple says it sold 37 million iPhones in the fourth quarter. That was double the figure of the previous quarter and more than twice as many as it sold in last year's holiday quarter.
Earnings of nearly $13.1 billion, or $13.87 per share were up 118 percent from a year ago.
Revenue of $46 billion marked a gain of 73 percent from a year ago, far above analyst estimates.
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