Apple's Q1 FY10 profits up 50% to $3.4 billion

Apple (NASDAQ:AAPL) released its first quarter FY10 financial figures, for the three months ending December 26th 2009, with a huge flourish.

Revenue was up 32 percent to $15.68 billion and net profit was up 50 percent to $3.38 billion.

The company's gross margin was 40.9 percent and international sales accounted for 58 percent of revenue.

"If you annualise our quarterly revenue, it's surprising that Apple is now a $50+ billion company," said Steve Jobs, Apple's CEO.

"The new products we are planning to release this year are very strong, starting this week with a major new product that we're really excited about."

In terms of individual device sales, Apple sold 8.7 million iPhones in the quarter, representing 100 percent growth year-on-year and 21 million iPods, an eight percent unit decline. It sold more iPod touches during the period however with sales up 1 percent, but doesn't break out sub devices total.

The end result was Apple generated $5.8 billion in cash during the quarter, giving it a total cash pile of $7.6 billion plus, another $17.2 billion in short-term marketable securities.

And that's a lotta dough.

[source: Apple]