Apple just reported its results for the quarter, and all those concerns on Wall Street about the possibility of lackluster iPhone sales appear to have been misguided.
The company reported unit sales of 35.1 million iPhones for the quarter ended March 31, an increase of 88 percent, surpassing the expectations of analysts who had been looking for something more in the range of 32 million units. Lighter-than-expected iPhone sales figures from AT&T and Verizon had caused some analysts to second-guess their expectations.
Sales of the iPad were 11.8 million units, up 151 percent. Mac sales were 4 million units, up 7 percent.
Revenue was $39.2 billion, up from $24.7 billion a year ago, and earnings per share were $12.30, from $6.40 a year ago.
Apple’s conference call with analysts is coming up at 2 p.m., and it’s available here.