Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Apple Profit Rises 94% On Growing Global iPhone Demand-Bloomberg

|Includes: Apple Inc. (AAPL)

Apple (NASDAQ:AAPL) beat expectations as usual earning a mind boggling $11.6 billion or $12.30 a share in their fiscal second quarter. Much of the growth came from international markets where Apple still has a really good opportunity to increase market share. The iPhone is generating 60% of revenue and the higher gross margins are having an extremely positive effect on the company. I question whether or not they can maintain these gross margins over the long term, but regardless the company is operating tremendously and should be commended.

http://www.bloomberg.com/news/2012-04-24/apple-profit-rises-94-on-growing-global-demand-for-iphones.html

Disclosure: I am long AAPL.