Apple announces Q1 2012 earnings, sells a record-breaking 37 million iPhones

Apple released its earnings statement and announced yet another banner quarter. Apple knocked it out of the park, with record quarterly revenue of US$46.33 billion compared to $27.64 billion in the year-ago quarter.

As predicted, iPhone sales were through the roof with 37.04 million units sold. This is up from the 17.07 million the company sold last quarter and up 128 percent from the 16.24 million it sold this quarter in 2010.

iPad sales were also up to another record-breaking level. The company sold 15.43 million iPads units, which is up from the 11.12 million iPads the company sold in Q4 2011. It's also an 111 percent increase from the year-ago quarter when it sold 7.33 million units.

Mac sales remained strong. Apple sold 5.2 million Macs, which is up slightly from the 4.89 million it sold during the previous quarter. iPod sales continue their downward decline from 19.45 million in Q1 2011 to 15.4 million iPods this quarter, a 21 percent year over year decline.

Apple will livestream its conference call later today, and we'll be liveblogging it as it happens.