January 24, 2012 09:32 pm EDT

Apple announces Q1 earnings, sets quarterly record with $46.33 billion in revenue

It's that time folks: time for the quarterly running of the spreadsheets. Today Apple, one the most anticipated of all, is revealing its earnings for the past three months and let's just say things are lookin' pretty good for the Cupertino crew. The company set a new record for quarterly revenue and profit in Q1 of 2012, netting $46.33 billion in total with $13.06 billion earnings. That's nearly twice what Apple announced for the same time period last year -- $26.74 billion and $6 billion, respectively. In total the company shipped 15.4 million iPads, 15.4 million iPods and 5.2 million macs this quarter, and that bottom line was certainly helped by a healthy holiday season.

Perhaps more importantly, though, the company sold just over 37 million iPhones -- a 128 percent increase over the same quarter last year and greatly exceeding industry estimates. This also move Apple back into the number one slot, ahead of Samsung which moved just 35 million units this last quarter.

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Continue reading Apple announces Q1 earnings, sets quarterly record with $46.33 billion in revenue

Apple announces Q1 earnings, sets quarterly record with $46.33 billion in revenue originally appeared on Engadget on Tue, 24 Jan 2012 16:32:00 EDT. Please see our terms for use of feeds.

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