Apple Reports Best Quarter Ever as iPhone Sales Double

Apple (AAPL) handily topped Wall Street's expectations Monday, as strong holiday sales delivered the most profitable quarter in the company's nearly 30-year history. Apple reported revenue of $15.7 billion, a 32% increase from $11.9 billion one year ago, along with a 50% profit jump, spurred by strong sales of its Mac computers and iPhones, which doubled. "Were thrilled to report our best quarter ever," Apple CFO Peter Oppenheimer told a post-report conference call.