Apple has announced yet another record breaking quarter with the news that it’s sold over 4.13 million Macs during the period, 16.24 million iPhones, 19.45 million iPods and 7.33 million iPads.
“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales”, said Steve Jobs, Apple’s CEO, before taking medical leave.
The financial results for its fiscal 2011 first quarter ended December 25, 2010 with the company posting record revenue of $26.74 billion and record net quarterly profit of $6 billion, showing a revenue growth of 71 per cent and an earnings growth of 78 per cent.
These results compare to revenue of $15.68 billion and net quarterly profit of $3.38 billion in the same quarter a year-ago.
International sales outside of the UK accounted for 62 per cent of the quarter’s revenue as the company continues to increase its number of Apple Stores outside of the US. There are now 323 stores worldwide, with 87 of them outside of North America. Additionally, 75.7 million customers visited the stores during the quarter.
As with previous quarter results, Macs (mainly made up of MacBook Air and MacBook Pro sales) and iPhones saw an increase in sales, while the iPod saw yet another decline, this time by 7 per cent.
Meanwhile, iTunes Store revenue exceeded $1.1 billion with users renting and purchasing over 400,000 TV episodes and over 150,000 movies per day.
"We could have sold even more iPhones if we could have built them", 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”.
The news means that there are now 160 million iOS devices, in total, in circulation and that total iPad sales are now 14.8 million since its release on 3 April 2010, which incidentally is 51,034 iPads sold each day by our reckoning.
Apple says that it has almost $60 billion in the bank, enough cash to buy Facebook outright.
The company’s shares had a rocky ride on the Tuesday before the announcement, as the market was still reeling from the news that the company’s CEO, Steve Jobs is taking a medical leave of absence.
And before you ask, Steve Jobs, wasn't present in the room, and none of the analysts on the conference call seemed brave enough to ask any questions about him or even wish him well. Now where's that elephant hiding?