Apple Throttles Estimates

As was previously speculated tech titan Apple (Nasdaq: AAPL) delivered blowout fiscal first-quarter results with the company reporting EPS of $13.87 on sales of $46.3 billion. Analysts were expecting $10.08 a share on revenue of $38.85 billion.

The company sold 37 million iPhones, 15.4 million iPads and 5.2 million Macs during the quarter. Before the earnings report, analysts were saying numbers above 31 million iPhones and 13.5 million iPads sold would please investors.

California-based Apple forecast revenue of $32.5 billion and EPS of $8.50 a share for the current quarter. Analysts currently expect $32.07 billion and $8.01 per share.