Apple Inc. reported fourth quarter earnings that exceeded expectations, with a net income of $27.466 billion or $1.85 per share, compared to $14.736 billion or $0.97 per share last year. Revenue also increased by 7.9% to $102.466 billion. Analysts had predicted earnings of $1.77 per share.

Read more at Nasdaq: Apple Inc. Q4 Profit Rises, Beats Estimates