Apple Computer beats by $0.22, guides Q1 EPS, revs above consensus (AAPL) Reports Q1 (Dec) earnings of $0.70 per share, $0.22 better than the Reuters Estimates consensus of $0.48; revenues rose 74.0% year/year to $3.49 bln vs the $3.15 bln consensus. AAPL reports gross margins of 28.5% vs street expectation of 27%, reports 1.046 mln Mac units shipped during Q1, vs street expectation of 984k. Company issues upside guidance for Q2 (Mar), sees EPS of $0.40 vs. Reuters Estimates consensus of $0.33 on revs of $2.9 bln, vs consensus of $2.749 bln