Apple Still Going Strong, Posts Record Sales For Q1 2012

Apple just broke a ton of their own records this quarter. The tech giant managed to make over $43.3 billion in sales and made over $13 billion in profit. Profit this quarter was more than double last years.

Apples numbers never cease to make me. They managed to sell $37 million iPhones this quarter, which is an 128% increase over last year. Apple was not able to meet the demand of consumers for their new iPhone 4S. "We made a very bold bet in the quarter about what demand would be, and we were short of supply throughout the quarter," said Tim Cook, Apple's CEO.

iPads also sold incredibly well, selling over 15.4 million iPads, which is up 111% from last year compared to the same quarter. Tim Cook stated in their conference call that the Amazon Kindle Fire did not have any noticeable effect on iPad sales. This comes after a report saying that the Kindle Fire would hurt the iPads sales.

Mac sales we also up 26% for the year.

Click here to see the press release of Apples financial results