Ina Fried

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Apple’s Record iPhone and iPad Sales Beat Expectations

Apple had suggested it expected record quarterly iPhone sales, but the numbers it released on Tuesday blew past what analysts had expected.

The company said it sold 37 million iPhones, up 128 percent from a year ago, with 15.4 million iPads sold, also more than double sales of a year ago. Mac sales were up 26 percent, to 5.2 million.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” CEO Tim Cook said in a statement. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

That said, Apple gave its usual extra-cautious outlook, predicting a significant dropoff in revenue and earnings. CFO Peter Oppenheimer said to expect revenue of about $32.5 billion and per-share earnings of about $8.50.

Apple shares, which had dipped a bit ahead of the earnings report, have surged in after-hours trading, changing hands recently at $458 a share, up $37.59 or nearly 9 percent.

We’ll have more when Apple’s earnings conference call starts in about 20 minutes.

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus