Today, Apple has announced financial results for its fiscal 2011 first quarter ended December 25, 2010, and the figures are staggering. Apple has posted record revenue of $26.74 billion and record net quarterly profit of $6 billion, or $6.43 per diluted share as compared to the revenue of $15.68 billion and net quarterly profit of $3.38 billion, or $3.67 per diluted share, in the first quarter of last year. See a more in-depth analysis of these numbers after the break.
Apple’s gross margin was 38.5 percent as compared to 40.9 percent in Q1 last year, whereas, International sales accounted for 62 percent of the quarter's revenue.
In this quarter alone, Apple has sold 4.13 million Macs, a 23 percent unit increase over last year’s quarter, 16.24 million iPhones, showcasing 86 percent unit growth over last year’s quarter and 19.45 million iPods, representing a slight unit decline of seven percent as compared to Q1, 2010. Apple has also sold 7.33 million iPads during this particular quarter.
Here’s what Apple CEO Steve Jobs had to say:
We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales, We are firing on all cylinders and we've got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can't wait to get their hands on
Apple CFO, Peter Oppenheimer says:
We couldn't be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter, Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90
The Q1 2011 financial results conference call is scheduled to begin at 2:00 p.m. PST on January 18 and Apple is going to provide live streaming, for which you can follow this link. For approximately two weeks after this day, this webcast will be available for replay.
Via iClarified