3 Biggest Takeaways From Apple's Supersized Iphone Quarter

SAN DIEGO, CALIF. (TheStreet) -- Apple did more than beat Wall Street's top and bottom-line expectations when it handed in results for its December quarter -- it crushed them. The Cupertino, Calif.-based company posted net income of $18 billion for adjusted earnings per share of $3.06 versus analysts' estimate of $2.59.

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