The most valuable publicly traded U.S. company sold 61.2 million iPhones in the quarter, up 40 percent from the year-ago quarter, but down from the record-breaking holiday quarter. It sold 12.6 million iPads, down 23 percent from a year ago.
Its shares rose 1.6 percent in after-hours trading to $134.52.
"A 60 million-plus iPhone number is a home run and will be cheered by the Street as this remains the bread and butter of Apple," said FBR Capital Markets analyst Daniel Ives. "The Street was looking for a $150 billion buyback, we would characterize a $200 billion buyback as exactly what the Street wanted as this has been a hot button issue."
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