35.1 million iPhones; 11.8 million iPads sold in 1Q 2012

Apple has proven that it continues to create products that has a massive following. In today's latest quarterly financial results for the quarter that ended on March 31, Apple said it sold a whopping 35.1 million iPhones, up 88 percent from the same period a year ago. The company also said it sold 11.8 million iPads in the first quarter, up 151 percent from the same period a year ago. The third generation iPad launched in March.

Overall, Apple said it brought in $39.2 billion in revenue in the first quarter of 2012, up from $24.7 billion from the same period a year ago. The company generated a net profit of $11.6 billion, nearly twice as much as the $6 billion in profit that it made a year ago.

Apple also announced that it sold 4 million Macs during the quarter, up seven percent from a year ago. As expected, sales of its iPod media players are on a slow decline. Apple said that they sold 7.7 million iPods during the first quarter of 2012, down 13 percent from the same period a year ago.

Apple currently expects to generate $34 billion in revenue in the current second quarter of 2012.

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