Estimates, shmestimates. Apple reported adjusted earnings of $3.33 per share, blowing past the consensus Wall Street numbers. Total revenues were $13.5B. That's more than $700 millon above even the most optimistic predictions. Gross margins up to 41.7 percent, from 39.9 percent a year ago.
We're listening in on the conference call right now, and Apple is reporting remarkable sales across the board. Apple is reporting their highest quarter of iPhone sales ever, with 8.75 million iPhones sold in the last quarter, the best sales during the same period ever. Additionally, iPod touch sales are up 63% year over year, and Apple has kept a hold on 70% of the mp3 player market, with 10.9 million iPods sold in the last quarter.
iTunes is also a profit machine, churning out $1.1 billion in revenue. 185,000 apps are now available, and there have been over four billion downloads on those apps for iPhone and iPod touch. We'll have more information forthcoming as the call carries on, but it appears that Apple is continuing to impress with their sales and reach in the market.