Apple Profits Nearly Double on Strength From Asia

   Asian sales of iPhones offset recent drops in U.S. orders.  The company reported record earnings Tuesday, April 24, 2012.  Nearly 20% of Apples first quarter revenue came from China, and surrounding countries.  That nearly tripled its revenue from the region a year ago.  "It was an incredible quarter in China," said Apple Chief Executive, Tim Cook.  Chinese consumers bought five times the number of iPhones they did a year earlier.  The strong earnings report sent Apple shares up $41, or 7.31%, to $601 per share, erasing parts of a weeks-long decline that saw the stock lose 13% since it's all-time high of $644 on April 10.  See also, http://www.nytimes.com/.