It is truly amazing how the world's largest company can still grow revenues by 73% year-over-year and earnings by over 100%. Apple blew away analyst estimates in today's release by almost 40%, earning $13.87 in fiscal Q1 2012. They also beat the Street's revenue estimates by a margin larger than Nicaragua's 2011 GDP! Big numbers.

Our priors were that much of the revenue growth would come from Asia. Not true. In fact, Asia revenue growth was the lowest at just over 50%, which makes us even more bullish as China's pent up demand will be saved for later quarters.

Still not impressed? Apple grew revenues in Europe in the quarter ending December 31 by 52% during the worst of the sovereign and banking crisis, all while fighting the headwinds of a soaring dollar. Stunning!

The company now holds around...