Apple Announces Impressive Financial Results for Q1 2011

[Matt Savoca]

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.

Source:
9to5Mac
CNET

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.

[CX3NT3_713]

Wow!!!

[krosis]

Wait a minute.

16 M iPhone + 10 M iPod Touch + 7 M iPad does not equal 160 M new iOS users.

[DRFP]

What I have been saying all along, Iphone, Ipad and Ipod are the bulk of Apple revenue now, and thats great for them.

[keenpois0n]

don't you just wish you had some of apples shares

[Cer0]

don't you just wish you had some of apples shares

I would buy now I guess since the stocks dropped a tiny bit do to Jobs stepping down for the moment.

[keenpois0n]

yeah they'll be right back up there when he gets back though, which he should, hope he does atleast!

[Nickaroni22]

Apple should bail out the country! Lol

[Moeflex456]

Wait a minute.

16 M iPhone + 10 M iPod Touch + 7 M iPad does not equal 160 M new iOS users.

I think they mean ios over all


Sent from my iPhone using ModMyi

[6309phone]

have sold 160 million iOS devices total.

[GellBrake'rrrr]

Regardless of the numbers..... We all know how well apple/Steve Jobs is doing (financially). Wish I had invested years ago....

[Mobiman]

Damn! Impressive figures.

[algojobathosai]

WOW!!!!
Does Apple Inc. need an Actuary??

[whereswaldo]

Wait a minute.

16 M iPhone + 10 M iPod Touch + 7 M iPad does not equal 160 M new iOS users.

They said 160 million total

[yentrog31]

I did my part Steve.iPhone in 2009 and a Mac,iPod and ATV last yr.But you're still hassling about jb'ing MY phone you greedy sob!

..oh and get well soon.

[RICO_]

Okay. Apple made a ton of money in another fiscal quarter. So where's the "news"??

[krosis]

They said 160 million total

OK, you guys can stop correcting me, he fixed the original post as indicated .

The engadget liveblog had it wrong and the 9to5 source linked still does.

[EskimoRuler]

That's amazing, even when competition coming from other phone manufacturers and apple still sells millions of phones is incredible. Have to wait and see what happens to the iPad when it gets more competition