Apple earns big

NEW YORK – Apple Inc. on Wednesday reported another exceptional quarter, nearly doubling its net income and far exceeding analyst estimates on the strength of the seemingly unstoppable iPhone.

Apple said net income for its fiscal second quarter, which ended in March, was $5.99 billion, or $6.40 per share, up 95 percent from $3.07 billion, or $3.33 per share, a year ago.

Analysts polled by FactSet were expecting earnings of $5.37 per share.

Associated Press