Iphone, Macs | featured news

Apple Inc's quarterly results again smashed Wall Street's expectations, fueled by record iPhone and Mac sales, offsetting lower-than-expected sales of its iPad tablet computer.

Taking a page from its successful iPhone model, Apple on Thursday officially opened an online store from which consumers can purchase and download Mac applications. The Mac App Store is now available to shoppers in ...

Over the last few years, Apple used technologies from its Macintosh computers to create the iPhone and the iPad, building a multibillion-dollar mobile computing business that now accounts for 60 percent of its revenue. Now Apple is doing the reverse, taking technologies like the multitouch user interface from the iPhone and the iPad and using them to refresh its Mac business.

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.