Apple, just released its Q1 2012 earning, and it was a spectacular blowout.

Apple now has $97 billion in cash, short term, and long term securities, which is more than the US government has, not counting debt.

Here is the breakdown of Apple’s Q1 numbers:

Revenue: $46.33 billion versus expectation of $38.76 billion

EPS: $13.87 versus expectation of $10.07

iPhones: 37 million versus expectation 30 million

iPads: 15.4 million versus expectation 13 million

Macs: 5.2 million versus expectation 5 million

iPod: 15.4 million versus expectation 13.9 million

Gross Margin: 44.7% versus expectation 41.8%

March quarter revenue: $32.5 billion versus expectation $31.9 billion

March quarter EPS: $8.50 versus expectation $8.00