Apple far exceeded analyst expectations with earnings of $46.3 billion in the first quarter of its 2012 fiscal year. The $13.1 billion profit in the quarter was the company's best ever.
Analysts had predicted $38.8 billion in revenue and a $10.1 billion profit.
The shockingly high revenue was largely driven by standout holiday-related sales of iPhones and iPads. The company sold 37 million iPhones and 15.4 million iPads in the quarter, more than double the amount sold a year ago.
It has been reported that the company expects $32.5 billion in revenue in its current quarter, which many speculate is a conservative estimate.