Apple Reports Blowout Quarter

Apple stocks spiked 7 percent Tuesday after the tech giant reported a blowout second quarter, with its earnings nearly double those of a year ago. Apple’s profit rose 94 percent, or $12.30 a share, from $5.99 billion, or $6.40 a share, last year. In that same period, iPhone sales rose 88 percent, and iPad sales shot up 151 percent.