Update: Apple's second quarter profit jumps 90 percent

Boosted by an increase in iPhone and Mac shipments, Apple reported a 90 percent increase in quarterly profits Tuesday.

The company reported net profit of $3.07 billion for the quarter ended on March 27, which compares to profits of $1.62 billion from the same quarter a year ago. The company reported earnings per share of $3.33, which beat expectations of $2.45 from analysts polled by Thomson Reuters.

Source: http://www.infoworld.com