For the quarter that ended March 31, 2012, Apple reported an $11.6 billion net profit, an increase of 94 percent over the same quarter in 2011. That profit was based on revenue of $39.2 billion, which was a 59 percent increase compared to the 2011 second quarter. Apple's profit translates to earnings of $12.30 per share, up from $6.40 a share last year; analysts were expecting to see earnings of $10.06 a share for the quarter. Apple sold 11.8 million iPads during the quarter, an increase of 151 percent from the year-ago period.
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