Apple blew away already-high expectations with its first-quarter earnings results, buoyed by strong sales of the iPhone 4S and the iPad 2. In the first full fiscal quarter the company faced without its late co-founder, Steve Jobs, Apple posted a quarterly revenue of $46.33 billion and announced it had sold 37 million iPhones and 15 million iPads. Analysts had predicted iPhone sales of around 30 million and iPad sales at a more conservative 13 million.
The company said that this holiday season carried the company to its highest ever numbers for quarterly revenue and earnings. Sales of iPads were up 111 percent over the same period last year; sales of iPhones were up 128 percent over the previous year. Mac sales were also strong, up 26 percent over the previous year with 5.2 million sold. The only product whose numbers fell, as expected, was the iPod, sales of which decreased 21 percent to 15.4 million units — even with the debut of a revamped iPod Touch model.