Even for Apple, these numbers are just insane. Nobody predicted a quarter this big.

http://tech.fortune.cnn.com/2011/07/19/apple-blows-past-estimates-sales-up-82-profits-up-125/#more-64608

Revenue - $28.6 billion, up 82% YoY

Profit - $7.3 billion, up 125%

iPhone sales - 20.3 million, up 142%

iPad sales - 9.2 million, up 183%

iPod sales - 7.5 million, down 20%

Mac sales - 4 million, up 14%

Total iOS devices sold - 222 million

A few observations:

- Historically, iPhone sales drop this quarter as consumers await the fresh model. That didn't happen this time. Either the iPhone 5 delay pushed the slump into next quarter, or Apple's continuing carrier/regional expansion is just overwhelming any downward pressure.

- Speaking of old iPhones, the fact that the iPhone 4 is selling so well one year after launch is probably why Apple's margins are so fat this quarter. Margins will probably shrink in the next couple quarters as Apple pays for the rollout of the next model.

- The iPod's decline is accelerating, despite the success of the iPod Touch. Good thing Apple cannibalized itself before everybody else got to it.

- The iPad is a massive success. If analysts treated tablets as PCs (and some do), they'd be talking about how it tripled Apple's share of the market in just one year. Tablets won't kill laptops and desktops, but they have stolen all the growth in the established PC market. PC growth excluding iPad has been flat since 2010Q4, and trending below predictions before that.

So glad I own Apple stock... oh wait I don't.

Fuck my life!

I'm telling you guys apple's plan is to take over the world!

God damn apple. lol and where they were 10 years ago is cwazy man.

That's the terrible thing. AAPL was going for under $320 just last month and tomorrow they'll be worth 25% more.

I really should learn how to actually invest instead of just watching these tech companies in fascination.

Cool, shame about Ipod decline, it's an awesome product :/

Remember when Apple was doomed and no one cared about them?

they still don't deserve all this profit, just because they make great products. It's greed, i tell ya, otherwise you could get a mac for half price of what it is now. Apples probably worth more than most african countries!

You know what I find to be the funniest thing about this whole thing.

Apple is making more than a 25% profit margin on their products. Nobody seems to complain about the massive amount of profit Apple makes (nor am I complaining).

Exxon Mobil makes less than a 10% profit margin on their products. Everybody bitches nonstop that they are ripping us all off so badly, and that they make too much money.

People should stop being two sided. If you are going to whine about Exxon Mobil, then you should be whining about twice as much about Apple.

Nintendo?

Another example is when people buy an iphone 4 for either $649 or $199/$299 + a $2000 contract and think it is a great deal; even though an iPhone 4 costs about $187 to make. (it is being sold at a 247% profit)

Then those same people think a home console or handheld system sold at a 1%-33% loss is a ripoff. Sometimes, it hurts my mind to hear people so ignorant.