Apple Earnings Blowout EPS $12.30 Sells 35.1 Million iPhones

Apple Inc. (NASDAQ:AAPL) announced its earnings today amid fierce speculation and volatility as investors awaited the report. The company announced earnings of $12.30 per share on revenues of $39.2 billion for their second quarter of 2012, the period between January and March. The company's stock has been cartwheeling lately amid fears of a change in its fortunes.

Analysts were looking for earnings per share of $9.99 on revenue of $36.7 billion. Apple Inc.'s (NASDAQ:AAPL) own forecast was much lower at $8.50 per share and...