To me, the biggest news here is the 1QFY12 guidance of $37 billion. Guidance of 30% above their best recorded quarter ever. Wow.
Certainly the iPhone sales this quarter weren't that great, but given the circumstances (most people knew the 4s/5 was coming), as well the 4s sold 4 million units on its opening weekend (almost 1/4th of all of last quarter's sales), I don't think it was that bad at all.
Obvious disclaimer: long AAPL, may buy more tomorrow
Very impressive.