Apple (AAPL) just announced its Q1 2011 financial results and a record $26.74 billion in revenue (up 71% percent) and $6 billion in profit or $6.43 per diluted share.
In fiscal Q1, ending December 25, 2010, Apple sold:
- 7.33 million iPads (sequential increase of 3M)
- 19.45 million iPods
- 16.24 million iPhones
- 4.13 million Macs
“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.”
I was hoping that Steve Jobs would make a rare appearance on today's call to take a victory lap but alas, it wasn't meant to be.