Apple earlier today announced their financial results for the first fiscal quarter of 2011, which works out to be the fourth calendar quarter of 2010. The company reported $26.74 billion and $6 billion in profit. That works out to be $6.43. Compare this to the year ago quarter that saw $15.58 billion in revenue, and […]
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Apple Reports $6Billion in Profit, $26.74 Billion in Revenue

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Apple earlier today announced their financial results for the first fiscal quarter of 2011, which works out to be the fourth calendar quarter of 2010. The company reported $26.74 billion and $6 billion in profit. That works out to be $6.43. Compare this to the year ago quarter that saw $15.58 billion in revenue, and profit of $3.38 billion. International sales accounted for 62% of this quarter’s revenue.

Now, as for the devices, Apple shipped 4.13 million Macs this quarter, which is a 23% increase over the year-ago quarter. Apple also shipped 16.24 million iPhones, which is a 86% increase over the year-ago quarter. They also sold 19.45 million iPod, which is a 7% decrease from a year ago, and lastly, Apple sold 7.33 million iPads last quarter.

Apple expects $22 billion in revenue for Q2 of 2011.

This is precisely why Apple announced CEO Steve Jobs’ leave yesterday. It was a day in the U.S. in which the markets were closed, and the following day (today) the company would have awesome financial news.

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