Apple's flat quarterly earnings beat estimates

By Indo Asian News Service | IANS India Private Limited – Thu 24 Jan, 2013 11:54 AM IST

San Francisco, Jan 24 (IANS) Apple Wednesday reported flat earnings in its most recent fiscal quarter, and the result slightly beat analysts' estimates.

In its fiscal 2013 first quarter that ended in December 2012, Apple posted a net profit of $13.1 billion, the same as the year-ago period, reported Xinhua.

Earnings per share were $13.81, compared to $13.87 in the same quarter of the previous year.

Apple's revenue in the quarter reached $54.5 billion, representing an increase of nearly 18 percent year on year.

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