Record iPhone sales drive blowout quarter for Apple

SAN FRANCISCO (AP) -- Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season.<br /> <br /> Apple said Tuesday that it sold 74.5 million iPhones during the three months that ended Dec. 31, beating analysts' expectations for the latest models of Apple's most popular gadget, introduced in September.<br /> <br /> The surge in iPhone sales drove the company's total revenue to $74.6 billion, up 30 percent from a year earlier. Net income rose 38 percent to $18 billion, as Apple reported earnings of $3.06 a share. Analysts surveyed by FactSet were expecting earnings of $2.60 a share on revenue of $67.39 billion.