29% growth is misleading since it was a 13 vs 14 week quarter. Also, the iphone 5 was launched in september vs october for the 4s robbing the holiday quarter of 5 to 6 million iphones. More accurate comparison is 59 million iphones vs 37 million last year. Add the supply problems which Tim Cook himself said reduced sales, and you're looking at over 60 million vs 37 million. They royaly screwed up by launching iphone 5 in September.
Tim Cook also said not to bet against Apple. Can't believe anything he says. If he was preparing for record sales he should have had the inventory ready, plenty of time for it. So, he's either lying about the surprise shortage or incompetent in planning corporate logistics, either way he is incompetent and the clrporation will continue to pay for it.