Apple [NASDAQ: APPL] has announced its Q1 2011 financials, for the three months ending December 25.
Revenue was $26.74 billion, a quarterly record, and up 71 percent year-on-year.
The company also had a record quarter in terms of profits. The total was $6 billion, up 78 percent year-on-year.
Gross margin was 38.5 percent compared to 40.9 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter's revenue.
iDevices everywhere
In terms of hardware sales, Apple sold 16.24 million iPhones in the quarter, up 86 percent year-on-year. It sold 14.1 million iPhones in the previous quarter, ending September 25.
When it comes to iPads, Apple sold 7.33 million units, compared to 4.19 million iPads in the previous quarter. That means Apple has sold a total of 14.79 million iPads in nine months since its launch.
Apple also sold 4.13 million Macs (up 23 percent y-o-y) and 19.45 million iPods (down 7 percent y-o-y).
Firing it up, up, up
"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."
"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."
The company ended the quarter with current assets, including cash and short term investments of $43.9 billion, up from $41.7 billion three months ago.
It had $59.7 billion in cash, short and long-term investments, compared to $51 billion at the end of the last quarter.
[source: Apple]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Top Stories
News
May 31st, 2024
Week in Views - Squad Busters goes global, broken app stores, and Hill Climb Racing gets the LEGO treatment
News
May 31st, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
BostonFig Online 2024 | Jun 1st | |
GameSummit Summer 2024 | Jun 1st | |
Gotland Game Conference 2024 | Nordic | Jun 3rd |
Games Mental Health Summit 2024 | Europe | Jun 3rd |
Dev Play Conference 2024 | Europe | Jun 3rd |
Tribeca Games Festival 2024 | North America | Jun 5th |