Apple quarterly profit climbs 12% to $8.7 billion

Apple on Tuesday reported that its profit in the recently-ended quarter climbed 12 percent to $8.7 billion, topping expectations and pushing up shares.

Revenue climbed seven percent to $45.4  billion, with the California-based company selling 41 million iPhones.

Shares rose nearly five percent to $157.48 in after-market trades that followed released of the earnings report.