UPDATE: This just in from Apple's earnings call: the free cases that Apple will be giving to customers to get around the iPhone4 reception issues is going to cost the company $175 million.
I'm sure that $175M will put a big dent in $4 billion+ of profit!
"It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple's history with iPhone 4," said Apple CEO Steve Jobs in a statement.