Revenues rose 73.3% year/year to $46.33 bln vs the $39.04 bln consensus.
For the second quarter, the company expects to see earnings of approx. $8.50 versus $8.00 Capital IQ Consensus Estimate; sees second quarter revs of approx. $32.5 billion versus $31.94 billion Capital IQ Consensus Estimate.
Apple reports 37.4 mln iPhones sold in Q1 vs Street est of ~30 mln; 15.43 mln iPads sold in Q1 vs Street est of ~14 mln; Q1 gross margins of 44.7% vs Street est of 40.7% and 40% guidance. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline... We are very happy to have generated over $17.5 bln in cash flow from operations during the December quarter."






