pple crushed earnings expectations in the first quarter of its fiscal year, posting $6.43 in earnings per share on revenue of $26.74 billion. Analysts had expected earnings of about $5.40 and revenue of about $24.43 billion.
But the question looming over the discussion isn’t about Apple’s spectacular performance but about the health of CEO Steve Jobs, who said Monday that he will be taking an indefinite leave of absence from the company for medical reasons.
On Apple’s conference call to discuss its earnings report, the tech giant said it would have sold more iPhones if it had been able to build them fast enough. Apple COO Tim Cook, who is overseeing day-to-day matters while Mr. Jobs is on leave, discussed the company’s ability to meet demand for the iPhone, as well as the long-term health of Apple. Highlights are below.