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Apple Revenue Beats Wall Street View, Doubles Capital Return

posted 23 Apr 2013, 15:05 by Mpelembe   [ updated 23 Apr 2013, 15:06 ]

Apple reports better-than-expected revenue.

CUPERTINOCALIFORNIAUNITED STATES  (REUTERS) - Apple Inc reported better-than-expected second quarter revenue of $43.6 billion (USD), reflecting strong sales of the iPad and iPhone.

Wall Street's average forecast for Apple's revenue was $42.3 billion, according to Thomson Reuters I/B/E/S.

The company also announced an expanded cash return program for shareholders.