Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever

Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever

Summary: Apple's first quarter 2011 financial results are out, and the company reports record Mac, iPhone, iPad sales and the highest revenue and earnings ever. Revenue grows 71% while earnings up 78%.

SHARE:

Apple's first quarter 2011 financial results are out, and the company reports record Mac, iPhone, iPad sales and the highest revenue and earnings ever. Revenue grows 71% while earnings up 78%.

Here are the details:

  • Record revenue of $26.74 billion and record net quarterly profit of $6 billion (compare to revenue of $15.68 billion and net quarterly profit of $3.38 billion in the year-ago quarter).
  • Gross margin was 38.5% (compared to 40.9% in the year-ago quarter).
  • International sales accounted for 62 percent of the quarter's revenue.
  • 4.13 million Macs sold, a 23% unit increase over the year-ago quarter (nearly 8 times the IDC numbers for PC growth).
  • Mac sales driven by MacBook Air and MacBook Pro.
  • Around a half of all Macs sold through stores are to first-time Mac owners.
  • 16.24 million iPhones in the quarter, a 86% unit growth over the year-ago quarter.
  • $10.74 billion worth of iPhones sold.
  • Enterprise users continue to embrace iPhone.
  • Demand outstripped supply of iPhone as Apple believes it could have sold more units had they had been available.
  • 19.45 million iPods during the quarter, representing a 7% unit decline from the year-ago quarter.
  • iPod touch sales grew 27% year-on-year.
  • 7.33 million iPads sold during the quarter.
  • iTunes stores generated $1.1 billion revenue.
  • Apple Stores in China show highest traffic and revenue.

Breakdown:

  • Revenue and profits through the roof!
  • Slight erosion of gross margins, but margins are so good Apple has no worries there.
  • International sales hover around the two-thirds mark as expected and normal lately.
  • Healthy boost in Mac sales ... folks were unwrapping a lot of Macs over the Holidays.
  • Record iPhone quarter, comfortably beating the previous high last quarter which hovered just above the 14 million mark.
  • Weak iPod sales, reinforcing the believe that everybody who wants one already has three.
  • iPad sales on the up from previous quarter ...
  • Total of 160 million iOS devices sold by the end of the quarter.
  • Apple is now sitting on a $59.7 billion cash pile

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."

Topics: Banking, Apple, Enterprise Software

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

89 comments
Log in or register to join the discussion
  • Now I understand why SJ made the anouncement yestarday

    about his taking leave.

    Now I can see alot of things falling into place in terms of the timing of thing sthese past two weeks.
    John Zern
    • iOS still sells 20% **better** than Android worldwide

      @John Zern : <b>33 million iOS devises were sold in calendar Q4 -- about 358 000 activations per day</b> (16.2 million iPhones, 7.33 million iPads, 10 million iPod touches).<br><br>Google reported reaching 300 000 activations per day before the end of the year, so iOS is still sells better.<br><br>However, smartphone sales are bigger for Android, since there are countless of cheapo half-baked, no market-store "smart" phones on this OS.<br><br>Apple could only do 16.2 million of iPhones: production still lacks.

      By the way: AKH's "iPad cumulative" graph is wrong: it is 15 million (he forgot Q2 of last year).
      DDERSSS
    • Yeah, no doubt...Loverock is...

      @John Zern

      [/i]almost[/i] owed an apology by Diaz and all the frothing at the mouth idiot apple fanbois.

      "OH, the horror" how [b]dare[/b] Loverock bring up stock prices when news of Jobs' medical leave comes about.

      [i]who on earth[/i] would be worried about something superficial and meaningless as a stock price in a time like this???

      Oh, wait...Apple. They knew their stock was gonna take a hit when Jobs took some time off, so yeah, announce right before great earnings call.

      Hey Loverock, because I know you'll never hear it from the idiot faithful...on their behalf, they apologize. And, can they get some pepper for all the egg on their faces?
      SonofaSailor
      • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue &amp; earnings ever

        @SonofaSailor
        Thanks SonofaSailor :) But your not the one that has to apologize. Actually no apology from anyone would be needed. I was just curious if we were going to get a repeat of 2 years ago, turns out we did.
        Loverock Davidson
      • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever

        <p>MBT 2011<a href="http://www.chaussures-mbt-fr.com/chaussures-mbt-baridi-126/" title="chaussures MBT Baridi"><em><strong>Chaussures MBT Baridi</strong></em></a> profit make instruction an ideal offer more effective, challenging and gentle for the spine. <a href="http://www.chaussures-mbt-fr.com/chaussures-mbt-boost-135/" title="Chaussures MBT Boost"><em><strong>Chaussures MBT Boost</strong></em></a> for Masai Barefoot Technology. There are an ideal offer more as well as an ideal offer more concerns like back again pain, joint discomfort etc.,<a href="http://www.chaussures-mbt-fr.com/chaussures-mbt-bomoa-136/" title="Chaussures MBT Bomoa"><em><strong>Chaussures MBT Bomoa</strong></em></a>
        </p>
        manufactures have take place out with comfy choice of shoes to relieve the pains<a href="http://www.chaussures-mbt-fr.com" title="mbt chaussures"><em><strong>mbt chaussures</strong></em></a>,<a href="http://www.chaussures-mbt-fr.com" title="mbt france"><em><strong>mbt france</strong></em></a>. even although in the end<a href="http://www.louisvuitton-borse.com/" title="louis vuitton borse"><em><strong>louis vuitton borse</strong></em></a>, a marriage devoid of have confidence in and adore wasn?t very good for anyone<a href="http://www.chaussures-mbt-fr.com/chaussures-mbt-changa-125/" title="Chaussures MBT Changa"><em><strong>Chaussures MBT Changa</strong></em></a>, she said.</p>
        <p>Ideally<a href="http://www.chaussures-mbt-fr.com/chaussures-mbt-fanaka-123/" title="Chaussures MBT Fanaka"><em><strong>Chaussures MBT Fanaka</strong></em></a>, once the legs to withstand stress block<a href="http://www.chaussures-mbt-fr.com" title="chaussures mbt"><em><strong>chaussures mbt</strong></em></a>, the method trunk, legs must acquire perpendicular in the direction of the top<a href="http://www.chaussures-mbt-fr.com/chaussures-mbt-chapa-124/"><em><strong>Chaussures MBT Chapa</strong></em></a>. <a href="http://www.louisvuitton-borse.com/" title=">louis vuitton outlet"><em><strong>louis vuitton outlet</strong></em></a> ex-wife Elin Nordegren mentioned she have been by means of hell offered that her husband?s infidelity surfaced but she certainly not strike him<a href="http://www.mbt-scarpe-it.com/"><strong>Scarpe mbt</strong></a>, based on an job interview released toda<a href="http://www.louisvuitton-borse.com/" title="louis vuitton negozio online"><em><strong>louis vuitton negozio online</strong></em></a>y. MBT 2011 Womens Shoes informed individuals newspaper she and Woods attempted for weeks to reconcile the relationship.<a href="http://www.louisvuitton-borse.com/" title="sito louis vuitton"><em><strong>sito louis vuitton</strong></em></a>,<a href="http://www.mbt-scarpe-it.com/"><strong>mbt outlet,mbt scarpe</strong></a>,<a href="http://www.belstaffoutletit.com/"><strong>belstaff</strong></a>,<a href="http://www.belstaffoutletit.com/"><strong>outlet belstaff</strong></a><strong>,<a href="http://www.belstaffoutletit.com/">belstaff italia</a></strong>,<a href="http://www.belstaffoutletit.com/"><em><strong>belstaff</strong></em></a> <a href="http://www.belstaffoutletit.com/"><strong>sito ufficiale</strong></a><br>
        </p>
        mbtshoes123
      • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever

        you look outstanding <a href="http://www.perfectreplicawatch.co.uk/replica-patek-philippe-c-130.html">replica patek philippe</a>
        biasedfans
  • Wowsers

    Gotta hand it to Apple. Amazing holiday season, even with the potential for serious upgrades early this year.
    webmaster@...
    • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue &amp; earnings ever

      @webmaster@... Troll response:
      1. Sales are entirely due to deceptive marketing and a rabid base of fan boys.
      2. Apple steals money from orphans
      3. When Jobs leaves Apple will vanish in a puff of 'magic' smoke
      4. Apple doesn't make any products that are worth anything.

      Sorry, I couldn't keep a straight face anymore.
      Kudos to the Apple team! Great products! The best customer service in any industry! Great values!
      dheady@...
  • Amazing!

    Wow! They just keep outdoing themselves. The numbers speak for themselves.
    Tiggster
  • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue &amp; earnings ever

    Wait here comes the Linux guy with a comment LOL.... AGAIN Seriously still pushing linux??? Linux is the past dude!
    Hasam1991
    • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue &amp; earnings ever

      @Hasam1991 To look at these numbers and consider the fact that they are pre-Verizon iPhone, that's an amazing thought. What will 2011 look like for Apple? There's every indication that its going to be HUGE!
      Tiggster
      • I would hope so, I'd like to

        @Tiggster
        plan to retire early again, as this damn bubble bust a few years ago set that back a few years!
        John Zern
  • those are just insane results!!

    OMFG!!! they sold a record number of Macs, but the sold almost twice as many iPads as Macs.. 11 million iPads in two quarters.. that's just insane!

    and the Verizon iPhone is coming..
    doctorSpoc
    • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue &amp; earnings ever

      @<br><br>And just wait until the CDMA iPhone hits China Mobile and it's 570 million customers!

      They have more customers than North America has people.
      jmiller1978
    • Not insane, but still nothing I'd complain about!

      @doctorSpoc :)
      John Zern
  • Not to shabby:)

    Pagan jim
    James Quinn
  • Great news for Apple

    But I would sure hate to be a CEO of a PC company, or Steve B at MS. There are going to be a lot of shareholders (and probably Directors) asking why Apple can do so well and they can't.
    Ken_z
    • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue &amp; earnings ever

      @Ken_z Why would you ask that? And who in their right mind would ever call The Great and Powerful Steve Ballmer on his company?s poor performance?
      Rick_K
      • Poor performance?

        @Rick_K Seriously? Windows 7 erased all of Apples gain in market share in 1 year and iWork still does not compete with Office let alone that Apple has no real gaming division.

        Remember, Microsoft's last earnings were very close to Apples and they probably sold quite a few products this Christmas as well.

        My question though, how come neither Apple nor MS can match Google.
        slickjim
      • RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue &amp; earnings ever

        @Peter Perry

        Match Google? How? Why? Apple and Microsoft have the highest revenues and profits in the tech industry. Google wishes they made the money those two companies do.
        jmiller1978