iPhone's record breaking sale surges Apple's revenue to 42.1b dollars, in Q4

Apple recently announced an impressive fourth quarter earnings of 8.5 billion dollars on revenue of 42.1 billion dollars, which is said to come out as a result of the record breaking iPhone sales.

According to The Verge, the numbers crossed many expectations, including the company's own guidance for the quarter as Apple was expecting revenue of 37-40 billion dollars with a gross margin of 37 to 38 percent.

Wall Street analysts, on average, were expecting Apple to report earnings on the higher end of that spectrum, at earnings of 1.31 dollars per share on revenue of 39.85 billion dollars, up about 11 percent and 6.3 percent from the same quarter last year, respectively.

Meanwhile, this was a huge quarter for iPhones, with the first nine days of iPhone 6 and iPhone 6 Plus sales tacking onto Apple's numbers, though not the biggest. Apple said it sold 39.2 million phones, up big from the 33.8 million iPhones it sold during the same quarter last year.