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%.
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."
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Talkback
Now I understand why SJ made the anouncement yestarday
Now I can see alot of things falling into place in terms of the timing of thing sthese past two weeks.
iOS still sells 20% **better** than Android worldwide
By the way: AKH's "iPad cumulative" graph is wrong: it is 15 million (he forgot Q2 of last year).
Yeah, no doubt...Loverock is...
[/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?
RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
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.
RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
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RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
Wowsers
RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
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!
Amazing!
RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
I would hope so, I'd like to
plan to retire early again, as this damn bubble bust a few years ago set that back a few years!
those are just insane results!!
and the Verizon iPhone is coming..
RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
They have more customers than North America has people.
Not insane, but still nothing I'd complain about!
Not to shabby:)
Great news for Apple
RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
Poor performance?
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.
RE: Apple Q1'11 financials - Record Mac/iPhone/iPad sales, highest revenue & earnings ever
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.