The tech giant announced revenues of $123.9B for the quarter. Additionally, the firm’s net profit for the quarter was $34.6B. In contrast, its Q4 2021 revenues and net profits stood at $111.4B and $28.8B, respectively. Q1 2022 hedge fund letters, conferences and more What’s Behind Apple’s Impressive Returns?The company attributes its impressive performance to several factors. Chief among them was the all-time revenue record that its iPhone unit set. The unit earned Apple $71.63B, having grown 9% in YOY terms. Additionally, it made impressive gains in its Mac sales. Apple’s data indicates that …