THE NUMBERS: Apple's net income rose 70 percent to $4.3 billion, or $4.64 per share. Revenue jumped 67 percent to $20.3 billion. Results beat Wall Street expectations.
THE FACTORS: Apple sold 14.1 million iPhones and 4.2 million iPads in the quarter. The iPhone numbers beat expectations, but the iPad fell short.
HIGHER EXPECTATIONS: Apple's gross margin _ a measure of its profitability _ was better than its own guidance. It still wasn't as high as what Wall Street expected.