Apple has announced financial results for the first quarter of its 2011 financial year; the three-month period that ended 25th December 2010. Quarterly revenue was a record $26.74 billion with net quarterly profit hitting another record of $6 billion.
The company sold 16.24 million iPhones in the quarter, up 86% on the same quarter a year ago, and also sold 7.33 million iPads. In addition it sold 19.45 million iPods (down 7%) and 4.13 million Mac computers (up 23%).
Steve Jobs, Apple’s CEO, said “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.”
Peter Oppenheimer, Apple’s CFO, said “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.”