Tuesday, January 18, 2011

Apple Financial Results

A few minutes ago, Apple reported their 1st Quarter 2011 financial results. Apple reported record revenue at $26.74 billion. They also reported sales of...
  • 7.33 million iPads
  • 16.24 million iPhones
  • 4.13 million Macs
  • 19.45 million iPods
Apple also reported record net quarterly profit of $6 billion ($6.43 per diluted share).

Steve Jobs - Apple’s CEO

“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,”

“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.”

Peter Oppenheimer - Apple’s CFO

“We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,”

“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.”

It appears that Apple sales and revenue predictions were pretty much all centered around these results.

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