Apple celebrates record quarter, iPhone sales up 131%

Apple has posted yet another record-breaking quarter -- claimed to be its best ever, barring holidays. During the period ending March 27, the company's profits soared to $3.07 billion ($3.33 per share) on revenue of $13.5 billion, which is up from profit of $1.62 billion on revenue of $9.08 billion in the year-ago quarter. Its earnings also beat analysts' forecasts by more than 35%.

Cupertino shipped 2.94 million Mac computers during the quarter, a 33% increase on-year, 8.75 million iPhones, a massive 131% leap from last year, and 10.89 million iPods, a 1% unit decline. To be clear, the iPad was not launched during the reported quarter, and given that its sales have already shattered expectations, Apple is undoubtedly looking at a strong fiscal third quarter.

The company plans to close this period with revenue totaling $13 to $13.4 billion and earnings per share between $2.28 and $2.39.