Receive Breaking News updates as they occur
Apple on Wednesday courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to unveil "the next big thing." Apple shares jumped more than seven percent to $565.25 in after-market trade following the release of January-March earnings figures showing profit of $10.2 billion on $45.6 billion in revenue. The earnings report came with Apple chief Tim Cook hinting that new products are on the way from the maker of iPhones, iPads, iPods, and Macintosh computers. "We're very proud of our quarterly results, especially our strong iPhone sales and record revenue from services," Cook said in a press release.