Apple's flat quarterly earnings beat estimates

Apple's flat quarterly earnings beat estimates San Francisco: Apple Wednesday reported flat earnings in its most recent fiscal quarter, and the result slightly beat analysts' estimates.

In its fiscal 2013 first quarter that ended in December 2012, Apple posted a net profit of USD 13.1 billion, the same as the year-ago period, reported Xinhua.

Earnings per share were USD 13.81, compared to USD 13.87 in the same quarter of the previous year.

Apple's revenue in the quarter reached USD 54.5 billion, representing an increase of nearly 18 percent year on year.

IANS