Expects revenues of $22bn in Q2 2011
Apple has posted revenue of $26.74bn and net quarterly income of $6bn for its fiscal 2011 first quarter ended December 25, 2010, compared to revenue of $15.68bn and net quarterly income of $3.3bn during the same period in 2010.
Gross margin was $10.3bn, compared to $6.4bn in Q1 2010.
Apple sold 4.13 million Macs during the quarter, representing 23% unit growth over the year-ago quarter.
The company sold 16.24 million iPhones during the quarter.
Quarterly iPods units sold were 19.45 million, down by 7% as compared to previous year-ago-quarter.
Apple chief financial officer Peter Oppenheimer said they couldn’t be happier with the performance of their business, which generated $9.8bn in cash flow from operations during the December quarter.
"Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22bn and we expect diluted earnings per share of about $4.90," Oppenheimer said.