Blockbuster iPhone sales helped Apple Inc. blow past Wall Street's expectations with a 90 percent leap in net income for the most recent quarter. Shares of the company skyrocketed to an all-time high in extended trading Tuesday.
Apple said it sold a record 8.8 million of its popular iPhone smart phones in the three months that ended March 27, more than double the number sold a year ago. Revenue from the phones made up 40 percent of Apple's total revenue. The previous high was 8.7 million phones sold in the October-December quarter last year.