Cupertino, USA, based Apple Inc announced financial results for the fiscal 2011 first quarter ended December 25th 2011; the company posted a profit of $ 6 billion, up 78% year on year from $3.38 billion, on revenue of $26.74 billion, up 71% year on year from $15.68 billion. Note that these results come on the back of the festive season, when the consumer electronics sales peak; for its Q2, Apple has estimated $22 billion in revenues. Some notes from Apple’s results:
– iPhones: 16.24 million sold during the quarter, up 86% year on year. Previous quarter, Apple had sold 14.1 million iPhones
– iPads: 7.33 million sold during the quarter, up from 4.19 million sold last quarter.
– iPods: 19.45 million sold during the quarter, down 7% year on year. This is a substantial improvement over the previous quarter, when Apple had sold 9.05 million Macs.
– Gross margin was 38.5 percent compared to 40.9 percent in the same quarter a year ago. year-ago quarter.
– International sales accounted for 62 percent of the quarter’s revenue.
– Macs: 4.13 million sold during the quarter, up 23% year on year. Previous quarter, Apple had sold 3.89 million Macs.
This performance comes close to the heels of Apple’s CEO Steve Jobs taking medical leave, and leaving Tim Cook in charge. Apple will launch the iPhone 4 on Verizon in the US on February 10th. The Apple App Store is also closing in on 10 billion downloads.
Note: we’ll have more from Apple earnings concall