Apple is reporting $54.5 billion in revenue and $13.1 billion in net profit for its fiscal first quarter, which ended in December. The company pulled in $13.81 in earnings per share, and sold 47.8 million iPhones, plus 22.9 million iPads, 4.1 million Macs, and 12.7 million iPods. Gross margin was valued at 38.6 percent. Looking ahead to the second quarter, Apple is guiding revenue expectations to between $41 billion and $43 billion, and gross margin to between 37.5 and 38.5 percent.
