Asymco, which is an Apple booster with great analytical chops, put out some numbers today that get to the bottom of Apple's quarter. Here's the chart on year on year revenue growth.
What you will notice is that earnings growth exceeded revenue growth because margins actually increased this last quarter. I am expecting margin compression during 2012 but Apple's Q1 moved in the other direction on the back of the new iPhone.
Here are some other tidbits via Asymco:
The iPad is reaching scale faster than the iPhone. It is the iPad which may power Apple's continued growth as it adds an extra mobile device category that other manufacturers don't have in scale. I do expect Android inroads here. However, this space has hug growth.
Apple sold almost 90% more iPhone. But revenu...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.