Apple’s Record Breaking Quarter Results

apple earnings

Apple recently announced its financial results for the first quarter of the fiscal year 2011. This quarter, Apple has broken all previous records and has generated massive revenue of $26.74 billion.

The company had a net quarterly profit of $6 billion, or $6.43 earnings per share. While Steve Jobs was not present at the conference call, here is what he said in a press release -

“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.”, said Steve Jobs.

Coming to the numbers, Apple sold about 7.33 million iPads this quarter. The iPhone sales were staggering too as Apple sold 16.2 million iPhones during the holidays.

Among the iPods, the iPod touch was the most successful product, but the iPod sales overall was not up to the mark. Compared to 21 million iPod sales last quarter, Apple sold only 19.4 million iPods this quarter.

The Mac sales were astonishing too and two out of three Macs sold were laptops. iMac sales went down every year from 1.23 million to 1.28 million. Mac laptops including the new MacBook Air, MacBook Pro, and the MacBook sold 2.9 million during the holiday quarter.

This holiday season has been phenomenal for Apple and as Apple’s App business expands, revenue should increase too. Looking ahead, Apple’s going to sell many more iPhones as the phone recently became available through Verizon. iPad 2 would also make its way this year and Lion, the Mac OS that would combine the magic of the iPad and the power of the Mac would also be released.