Apple Earning

which earlier this year surpassed erstwhile rival Microsoft (MSFT) in market capitalization. The company reported profit of $3.25 billion, a 78% increase over last year.

Investors sent the Apple's shares up 5% in after-hours trading. "These numbers will go a long way to make people forget about any antenna issues," Edward Jones analyst Bill Kreher told Reuters.

Apple habitually low-balls expectations, but the firm's performance over the last eighteen months has been nothing short of extraordinary. The company's share price is up 20% so far this year and 65% over the last 12 months.

Over the last three years, Apple CEO Steve Jobs has tripled Apple's revenue and quadrupled the company's earnings. by daily finance

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