Apple sold 37.04 million iPhones in its fiscal first quarter to 31 December, an increase of 128 percent compared to the year-earlier period thanks to the launch of the latest version of the device, the iPhone 4S. The company more than doubled iPad sales to 15.43 million and grew Mac sales 26 percent to 5.2 million. iPods were the only device to show a drop in sales, falling 21 percent from a year earlier to 15.4 million sold. Apple's revenues for the quarter jumped to USD 46.33 billion from USD 26.74 billion a year ago, and net profit improved to a record USD 13.06 billion or USD 13.87 per share, from USD 6 billion or USD 6.43 per share in the year-ago quarter. The gross margin rose to 44.7 percent compared to 38.5 percent in the year-earlier period, and international sales accounted for 58 percent of the quarter's revenue. For fiscal Q2, Apple forecast revenues of around USD 32.5 billion and EPS of USD 8.50.
