Apple has blown away estimates for Qtr 1 profits with a record $13.06bn (2011: $6bn) on revenues of $46.33bn (2011: $26.74bn).
Average estimates from analysts were for profits of $10.14bn on revenues of $39bn (http://www.bloomberg.com: Apple Posts Record Quarterly Profit, Sales).
The company has always stated that this would benefit from being a 14 week quarter but the numbers are huge. International sales contributed 58% and the sales breakdowns by key products were:
- 37.04 million iPhones (+128% over last years Q1)
- 15.43 million iPads (+111%)
- 5.2 million Macs (+26%)
- 15.4 million iPods (-21%)
- Gross margins of 44% (2011: 38.5%)
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.” (http://www.apple.com: Apple Reports First Quarter Results)
Unfortunately, in a session already dampened by Greek debt concerns, and with the statement coming after trading had closed, the shares have fallen back with the market so we shall have to wait and see what might come tomorrow.
Apple @ $420.41, -$7.00 (-1.64%)
Related articles:
- http://www.apple.com: Apple Reports First Quarter Results
Earlier posts:
- IPhone and Android: Q1 and Xmas sales expectations! 
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