After its 4Q earnings fell short of analysts’ expectations for the first time since 2004, it looks like Apple (News 
- Alert) has redeemed itself, notching what many major media outlets and industry insiders have dubbed a “blowout” performance for the device giant’s most recent quarter.
Behind Apple’s superior “juiciness,” as predicted by analysts, is the company’s emergence from yet another successful holiday season as well as record-breaking iPhone (News - Alert) 4S sales. As detailed in today’s 1Q earnings call after the closing bell, Apple reported $46.33 billion in total 1Q revenues, up from $28.3 billion in 4Q 2011 – making it the highest quarterly revenue and earnings in the history of the company.
In what was Apple’s first full quarter without its iconic co-founder Steve Jobs (News - Alert) and new CEO Tim Cook at the helm, the company experienced smashing records in iPhone, iPad and Mac sales. Closely mirroring analysts’ initial predictions and driven by the inclusion of a 14th week in the quarter, Apple CFO Peter Oppenheimer revealed on Tuesday’s call that 37.04 million iPhones and 15.43 million iPads were sold in 1Q alone, a 128 percent unit and 111 percent unit increase, respectively. Meanwhile, Mac sales rose to 5.2 million from last quarter’s 4.89 million, a 26 percent increase year-over-year, and iPod sales recovered to 15.4 million from a rather weak 6.62 million last quarter... Read More
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