Apple revenue jumps, beats Wall Street forecasts

SAN FRANCISCO, Tue Apr 24, 2012 — Apple Inc. on Tuesday reported quarterly revenue that handily beat Wall Street estimates, driven by strong demand for its iPhones and iPads, sending its shares 3.5 percent higher.

The consumer electronics giant said its fiscal second-quarter revenue rose to $39.2 billion, better than the average analyst estimate of $36.8 billion, according to Thomson Reuters I/B/E/S.