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Apple Reports First Quarter Financial Results With Record Revenue of $26.74 Billion

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Apple has today posted its financial results for its fiscal 2011 first quarter ended December 25, 2010, announcing record revenue of $26.74 billion and record net quarterly profit of $6 billion. This represents a massive rise since last year’s results for the same quarter, which were revenue of $15.68 billion and net quarterly profit of $3.38 billion.

To break down some of those figures in terms of iOS devices, Apple sold 16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago quarter, as well as 7.33 million iPads over the quarter, and 19.45 million iPods (representing a seven percent unit decline from the year-ago period). Here’s Apple CEO Steve Jobs talking about those record 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 iPhone 4 on Verizon which customers can’t wait to get their hands on.”

These overall stunning results represent Apple's highest revenue and earnings ever.

Sources: Apple
 

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