• Apple Announces Impressive Financial Results for Q1 2011

    Apple today held its financial earnings call for Q1 2011, and had some pretty amazing numbers to reveal. Coming off its best revenue quarter ever ($20.34 billion) in Q4 2010, Apple projected $23 billion in revenue for this quarter, but the real results came in today, and Apple made a cool $26.74 billion.

    The breakdown of Apple's earnings shows that iOS, and in particular the iPhone are leading the way for Apple's record-breaking quarter. The company sold 16 million iPhones and made $10.7 billion from the iPhone and accessories alone. The iPad was a massive success during the quarter as well, as distribution of the product extended to a total of 46 countries.

    Apple now states that they have sold 160 million iOS devices total. They also sold 19.45 million iPods, 50% of those iPod sales being iPod touches. Apple's Mac sales increased as well, adding 4.13 million Macs during the quarter, a 23 percent increase over last year's Q1 results.

    Steve Jobs, who recently announced his medical leave from Apple's day-to-day operations, commented on the results:

    "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 the iPhone 4 on Verizon which customers can't wait to get their hands on."

    I've got to agree with Steve here. Apple's numbers are staggering, and even after the market opened this morning with Apple's stock way down after the Jobs medical announcement, Apple's stock more than made up for the drop after the earnings results were released. And with the CDMA iPhone 4 coming next month, Apple seems poised for another phenomenal quarter.


    Edit: I erased the line about Apple adding 160M iOS devices in Q1 2011. I got that from a live-feed post, but I think it may have been a typo.
    Edit 2: Turns out they've sold 160 million iOS devices total. Line changed and added back in.
    This article was originally published in forum thread: Apple Announces Impressive Financial Results for Q1 2011 started by Matt Savoca View original post
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