The Apple’s iPad is a hugely popular gadget today and they have a strong presence in the tablets market. They also recorded an amazing profit; Apple told that they sold 7.33 million tablets last quarter with a record profit of $6 million. If we talk about iPhones then Apple sold a whopping 16.24 million handsets through a single US carrier. This makes a good 86% increase over a year ago. Referring these reports, Apple now sells as equal iPhones as iPods. They also reported growth in Mac business with 23% increase over last year. In the last fiscal quarter Apple sold 4.13 Macs. These record sells and profit also matched by record revenue at $26.74 billion i.e. nearly doubles to the last year mark of $15.68 billion.
The earning release did not comment more on the condition of its CEO Steve jobs or sales of Apple TV, and we are also looking forward to see any comment on Apple’s iPod down market i.e. down 7%year over years.
Recently Apple announced financial results for its fiscal 2011 first quarter ended December 25, 2010. Apple posted record revenue of 26.74 billion and also a record net quarterly profit of $6 billion or you can say $6.43 per diluted share. If we compare the last year revenue of $15.68 billion and net quarterly profit of $3.38 billion, or $3.67 per diluted share then you can easily see the gross margin of 38.5 percent compared to 40.9 percent in the year-ago quarter. Apple’s international sales also accounted for 62 percent of the quarter’s revenue.
Apple told that “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 company sold 4.13 million Mac during the quarter and reported a 23 percent unit increase over the year-ago quarter. They also reported an amazing 86 percent unit growth over the year-ago quarter in iPhones sales. In the quarter Apple sold whopping 7.33 million of iPads also.
Apple’s CEO Steve jobs said that “We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” he also mentioned that “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.”
In the press release, Peter Oppenheimer, Apple’s CFO told that “We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,” and he also add that “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 sells indicate the high popularity of Apple’s iPad. In spite of so many competitors they are able to making it big in their league.