Record 47.8 billion iPhones sold in Q1 2013

Rumors of weak iPhone demand have been proven false, as Apple announced today a record 47.8 milion iPhones have been sold in the 13-week fiscal 2013 first quarter, ended December 29, 2012. The number is a significant increase over the 37 million iPhones sold in the year-ago quarter.

On the whole, the company reported "record quarterly revenue" of $54.5 billion with a similarly "record quarterly net profit" of $13.1 billion. This, again, is an improvement over the 14-week year-ago quarter which generated $46.3 billion in revenue and a net profit of $13.1 billion.

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”