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Apple more than doubled its earnings in its fiscal third quarter on the strength of triple-digit sales of its iPhone and iPad product lines.
The company, which posted its numbers after the close of trading on Wall Street Tuesday afternoon, earned $7.31 billion, or $7.79 per diluted share, on revenues of $28.6 billion. That's up sharply from a year ago during the same period when Apple earned $3.3 billion, or or $3.51 per share, on $15.7 billion in sales.
Apple also said that its gross profit margins climbed to 41.7 percent compared to 39.1 percent in the year-ago quarter.
Apple makes catchy gadgets. When they no longer make the coolest gadget their profit will disappear. I am also curious to see what will happen when Steve Jobs passes away.Ding Ding Ding!