News

Apple Announced Q1 Financial Results

Apple announced their financial results for the the first quarter of 2011 recently. The stats shows there is a huge hike on the apple device sales and app downloads. Here is the comparison for this quarter and the previous one.

This Quarter Year Ago Quarter
Revenue $26.74 Billion $15.68 Billion
Net quarterly profit $6 Billion $3.38 Billion
Per diluted share $6.43 $3.67
Gross margin 38.50% 40.90%

The company sold 4.13 million Macs which is 23% higher, sold 16.24 million iPhones by a growth of 86% on last year. iPod sales shows some decline where Apple sold 19.45 million iPods which is lesser than by 7% comparing to last year. The Company also sold 7.33 million iPads during the quarter.

iPhone sales

iPod sales

“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Steve Jobs, Apple’s CEO. “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.”

iPad salesmac salesmac notebooks and desktops sales

“We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “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.”

Images via Gigaom.

Post Comment