iPad, iPhone, Mac sales rack up $6bn profit for Apple

Apple shipped more than seven million iPads in its last quarter...
Written by Natasha Lomas, Contributor

Apple shipped more than seven million iPads in its last quarter...

Record sales of Macs, iPhones and iPads helped Apple post record net quarterly profits of $6bn in its last quarter, or $6.43 per diluted share, on record revenue of $26.74bn.

This compares with revenue of $15.68bn and net quarterly profit of $3.38bn, or $3.67 per diluted share, in the same quarter a year ago.

Reporting results for its fiscal 2011 first quarter, ended 25 December, Apple said it sold 7.33 million iPads - nearly double the 4.19 million tablets shipped in the previous quarter. The company began selling the iPad tablet PC in its third quarter, shipping 3.27 million iPads.

Apple iPad tablet helps company post record profits

The iPad: Apple shipped more than seven million of the tablets in its last quarter
(Photo credit: James Martin/CNET)

iPhone sales were also up in Apple's fiscal first quarter, with the company shipping 16.24 million iPhones, a rise of 86 per cent on the equivalent quarter a year ago. Mac sales also grew - rising 23 per cent over the same period, with Apple shipping 4.13 million Macs.

Sales of Apple's MP3 player, the iPod, declined seven per cent on the year-ago quarter, with Apple shipping 19.45 million iPods during the quarter.

"We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales," Steve Jobs, Apple's CEO, noted in a statement.

Jobs is taking a leave of absence from running Apple on medical grounds, with COO Tim Cook taking over day-to-day responsibilities. Jobs remains CEO and is still involved in strategic decisions.

"We are firing on all cylinders and we've got some exciting things in the pipeline for this year," Jobs added in the statement.

Apple's CFO Peter Oppenheimer said the company expects revenue of about $22bn in its fiscal second quarter, and diluted earnings per share of about $4.90.

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