Apple set yet another quarterly earnings record Tuesday, blowing Wall Street estimates out of the water. It posted revenues of $13.5 billion, way ahead of Street estimates of $12.09 billion, for its fiscal second quarter. Net income was $3.07 billion or $3.33 a share, where Street estimates had pegged it at $2.45. Gross margins were almost 42 percent, compared to about 40 percent a year ago.

It's Raining Apples