Apple Reports Record Sales & Profits + 38% Margin

X

Apple, who has already captured over 85 percent of the tablet market has posted record revenue of $26.74 billion and record net quarterly profit of $6 billion.The announcement made in the USA this morning is tipped to lift Apple shares which slumped yesterday after the announcement by Chairman Steve Jobs that he was taking sick leave.

These results compare to revenue of $15.68 billion and net quarterly profit of $3.38 billion, or $3.67 per diluted share, in the same quarter a year ago. 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.

Apple sold 4.13 million Macs during the quarter, a 23 percent unit increase over the year-ago quarter. The company sold 16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago quarter. Apple sold 19.45 million iPods during the quarter, representing a seven percent unit decline from the year-ago quarter. The company also sold 7.33 million iPads during the quarter.

“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.”

4Square Media Banner Ads Update at 5 July JSAU05JUL1 Buddy 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
Uniden Channelnews SoloX July 2024 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
JBL TourPro3 728x90 Apple Reports Record Sales & Profits + 38% Margin
Westan 728x90px Apple Reports Record Sales & Profits + 38% Margin
Hisense KV BannerAd 728 90 Apple Reports Record Sales & Profits + 38% Margin
FA 979 HN MDF SG14 14gen 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
ELX DIG Crosscat Promo 728x90 Mar25 Apple Reports Record Sales & Profits + 38% Margin
728 x 90 Apple Reports Record Sales & Profits + 38% Margin
4Square Media Banner Ads Update at 5 July JSAU05JUL1 MR 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
Flick of a switch 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
Skullcandy 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
728x90 Apple Reports Record Sales & Profits + 38% Margin
HAIER Series 600 FLW HPD Pairs 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
Px7 S3 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
appliance retailer leaderboard may 728x90 Hitachi updated Apple Reports Record Sales & Profits + 38% Margin
250527 SAV Channel news June25 Leaderboard 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
Arlo July Promo Digital 728x90 2 Apple Reports Record Sales & Profits + 38% Margin
MOTO 36331576 Q3 Ad Banners 728x90 2 Apple Reports Record Sales & Profits + 38% Margin
728x90 Apple Reports Record Sales & Profits + 38% Margin
BlueAnt 4SQM PumpAirUltra 728x90px Apple Reports Record Sales & Profits + 38% Margin
Marshall 728x90 1 Apple Reports Record Sales & Profits + 38% Margin
GOTHAM 728px x 90px Apple Reports Record Sales & Profits + 38% Margin
BEL2535 BPB024 4SQ Banners 728x90 Apple Reports Record Sales & Profits + 38% Margin
ChannelNews AZ100 728x90 Apple Reports Record Sales & Profits + 38% Margin
AU X8 Banner 728x90 Apple Reports Record Sales & Profits + 38% Margin


YOU MAY ALSO LIKE