AAP: Apple earnings topped analyst expectations with a $17 billion revenue and net income of $8 billion for the holiday quarter.
The iPhone maker earned $1.05 billion, a $0.9 billion gain from the same quarter last year.
The company also posted record iPhone sales, with more than 20 million units sold.
Apple has been working hard to improve its iPhone lineup with a new iPhone SE, which is expected to debut this fall.
The Cupertino company also announced plans to spend $10 billion in its next fiscal year, which will include the purchase of the company’s $5.5 billion Nokia unit.
The $1 billion increase is part of Apple’s efforts to diversify its revenue, which grew $1 trillion to $18.9 trillion during the third quarter.