Apple reported financial profits and sales. Apple sold 16.24 million
iPhones in the quarter, an 86 percent unit growth over the
year-ago quarter.
Recognized revenue from iPhone handset and accessory sales was $10.47
billion during the quarter, compared to $5.58 million in the year-ago
quarter, an increase of 88%.
The sales value of iPhones alone was over $10.1 billion. iPhone
distributions were through 185 carriers in 90 countries. There was a very strong year-over-year growth in all segments,
with sales in the Asia-Pacific region and Japan both more than doubling
year-over-year.
Apple ended the quarter with about 3.5 million iPhones in channel
inventory, a sequential increase of about
In the earnings call yesterday, Peter Oppenheimer said, "We are thrilled to begin working with
Verizon next month to offer iPhone 4 to its more than 93 million
customers, as well as to new customers who want iPhone 4 on Verizon."
Apple sold 19.45 million iPods during the quarter,
representing a seven percent unit decline from the year-ago quarter. The
Company also sold 7.33 million iPads during the quarter.
The iTunes Store generated another strong quarter with revenue exceeding
$1.1 billion, thanks to strong sales of music, video and apps.
Apple sold 7.3 million iPads, a sequential increase of
over 3 million, with distribution in 46 countries by the end of the
December quarter.
The results are for fiscal 2011 first
quarter ending December 25, 2010. The Company posted record revenue of
$26.74 billion and record net quarterly profit of $6 billion, or $6.43
per diluted share. These results compare to revenue of $15.68 billion
and net quarterly profit of $3.38 billion, or $3.67 per diluted share,
in the year-ago quarter. Gross margin was 38.5 percent compared to 40.9
percent in the year-ago quarter. International sales accounted for 62
percent of the quarter's revenue.
"We had a phenomenal holiday quarter with record Mac, iPhone and iPad
sales," said Steve Jobs, Apple's CEO in a news release. "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."
Jobs announced Monday that he is taking a medical leave of absence. Verizon Holiday phone buyers who wish to switch to a Verizon iPhone 4 are eligible for a $200 debit card.