have been siphoning sales from the iPhone because they usually cost less and many of them feature bigger screens than the iPhone's four-inch display. An iPhone with a display screen spanning nearly five inches is being prepared for sale later this year, according to unidentified people cited in a recent report in The Wall Street Journal.
Apple earned $13.07 billion, or $14.50 per share, in the quarter ending Dec. 28. That's roughly unchanged from $13.08 billion, or $13.81 per share, in the prior year.
Revenue for the fiscal first quarter rose 6 percent to $57.6 billion.
Analysts, on average, had expected Apple to earn $14.09 per share on revenue of $57.5 billion, according to FactSet.