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Sales throughout the product range were up, most noticeable in the mobile device markets, although iPod sales dropped 7%.
The company sold 7.3-million iPads in the three months up to December 25. And it sold 16.24-million iPhones - up a staggering 86% on the same quarter a year ago.
Steve Jobs, who is now on indefinite sick leave, describes the figures as "phenominal":
“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.”The figures also reveal that Apple has now amassed $59.7-billion in reserve cash.
Earlier this week, Steve Jobs sent an email message to Apple employees telling them he was taking a second "medical leave of absence" from the company. His earlier leave was to have a liver transplant operation after treatment for pancreatic cancer.
Apple shares fell on news of Jobs' continued ill health, but will certainly rally on news of these results.
Hit the jump for the full Apple statement:
CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today announced financial results for its fiscal 2011 first quarter ended December 25, 2010. The Company posted record revenue of $26.74 billion and record net quarterly profit of $6 billion, or $6.43 per diluted share. 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 year-ago quarter. 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.”
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