Apple blew away analysts’ expectations again with its latest quarterly earnings report on Tuesday.
The most valuable company in the United States posted first quarterly 2012 earnings up 118 percent, according to MarketWatch.
The news is a direct refutation to the idea that the company would suffer a loss in momentum after the death of founder and former CEO Steve Jobs in October, and erases memories of the rare earnings miss in Q4 2011, when customers did not buy as many iPhones as usual because they were holding off for the iPhone 4S to be released.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”