Apple smashes records as Q1 iPhone sales top 37M

Apple had a record-breaking fiscal first quarter 2012, which ended Dec. 31, 2011, posting iPhone sales of 37.04 million and iPad sales of 15.43 million. Not only did Apple beat analyst estimates but its iPhone sales were up 128 percent year-over-year and its iPad sales increased 111 percent year-over-year. The company also posted quarter revenue of $46.33 billion and net profit of $13.06 billion, compared to $26.75 billion in revenue and net profit of $6 billion in the year-ago quarter.  According to the company, this was the highest quarterly earnings and quarterly revenue in Apple's history. "We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said Tim Cook, Apple's CEO. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline." Article