Bangalore: Apple’s first quarter results silenced the uncertainties analysts forecasted last quarter, with returns that exceeded expectations. The world’s most valuable technology company sold 37.04 million iPhones, 15.43 million iPads, and 5.2 million Macs.

Apple postponed the release of the latest iPhone by a quarter, and so heightened the expectations and demand for the product, a factor that could be responsible for the tech giant’s $46.33 billion revenue. Wall Street Analysts estimated an average of $38.91 billion, but according to Thomson Reuters I/B/E/S, the tech giant’s revenue jumped by 73 percent.  

Sales for the iPad alone grew by 111 percent over its sales in the same quarter last year, while that of Macs shot up by 26 percent during the same period.

In spite of its staggering success, Hendi Susanto from Gabelli said “I would say Apple still has many unpenetrated international markets ... Apple is still far from its saturation.” Michael Walkley from Canaccord Genuity further explained saying “It sets up Apple well for the rest of the year”. “They are still ramping up the new geographies like the iPhone 4 in China, which they just started selling in January and we'll see in March results.” He also added that the growing popularity of Siri and the iPhones, a better-looking iPhone 5 at the end of the year and with next-generation LTE mobile will inspire another slew of profits for 2012.