Apple Sales Beat Estimates on Demand for Latest IPhones

Apple Inc. reported quarterly revenue that topped analyst projections, fueled by demand for the company’s latest and priciest iPhones. Apple said sales rose 3.3 percent to $78.4 billion, with earnings of $3.36 a share in the three months through Dec. 31. Analysts forecast profit of $3.22 a share on revenue of $77.3 billion, according to data compiled by Bloomberg.