Apple reports monster quarter, ships 37M iPhones and 5.2M Macs

Analysts expected a wild quarter for Apple's fiscal Q1 2012 quarter and Cupertino delivered. In its quarterly earning release conference call, executives said the company had revenues of $46.33 billion. Net profit was 13.06 billion.

Apple said it had sold 37.04 million iPhones during the quarter, one in which Apple had expanded its lineup with the iPhone 4S while keeping the older iPhone 4 and iPhone 3GS in the mix. This was a 128 percent unit growth over the year-ago quarter.

Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.

This figure was of great interest to the financial analyst community. Earlier predictions from professional financial analysts on iPhone sales for the quarter ranged from 35 million to 25.2 million, with the average coming in at 28 million. However, Apple beat the average by 32 percent.

In the sequential Q4 2011 quarter, Apple reported that it sold 4.89 million Macs. This latest quarter was a record breaker coming in with sales of 5.2 million.