Apple's Q1 2011 results; 16M iPhones, 19M iPods, 7M iPads sold
Today Apple posted their first quarter results for 2011 ending December 25, 2010, with some impressive numbers. The company announced it had a strong first quarter, posting a company record of $26.74 billion and a record net quarterly profit of $6 billion, an increase of 38.5% ($15.68 billion) and 40.9% ($3.38 billion) from a year ago.
Apple sold 4.13 million Macs during the quarter, an increase of 23% from a year ago. Macs weren't Apple's strong suit, where it sold 16.24 million iPhone's in the first quarter, representing a 86% unit growth compared to last year. Apple also sold 19.45 million iPod touches, a 7% unit decrease from a year ago, and 7.33 million iPad's.
Steve Jobs couldn't be more happy with the results of this year. Although they had a slight decrease in iPod touch sales, the company had a massive 86% increase in iPhone sales. With the Verizon iPhone coming next month, Apple is expected to sell 9 million units in the first quarter.
“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Jobs. “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.”
Apple generated $9.8 billion in cash flow from operations during December.
Steve Jobs recently announced that he will be taking a leave of absence from Apple so he can focus on his health.
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