Apple have reported their earning statement for the first quarter of 2012, which includes the end of last year, and the results are hugely encouraging. Both iPhone and iPad sales increased over 100 per cent on the same quarter last year.

The iPhone 4S has been hugely successful which has meant that overall iPhone sales are up 128 per cent to 37 million units sold, which will silence the critics who slaughtered the smartphone when it was first announced.

Meanwhile, iPad sales came in at 15.43 million which is an increase of 111 per cent on the same period last year. The Apple iTunes store also made a massive $1.7 billion for Apple !

Overall Apple's revenue was much higher than expected and the share price has since risen by $13.87, which is much higher than the market expected. Google's total revenue for the quarter stood at $46 billion with profits being $13.06 billion.

3G is interested to see how the next year works out for Apple with both the iPhone 5 and iPad 3 launching without Steve Jobs at the helm.