Apple reports record 1Q 2011 earnings: a record 4.13 million Macs shipped

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Jan
18

By: switchtoamac at: 6:03 PM on January 18, 2011 | Comments (0)

Apple today reported their 2011 first quarter earnings results.  The company set new quarterly records for Mac, iPhone and iPad sales while simultaneously setting a new record for revenue and earnings.
From Apple's Press Release
CUPERTINO, California--January 18, 2011 -- Apple today announced financial results for its fiscal 2011 first quarter ended 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.

Apple sold 4.13 million Macs during the quarter, a 23 percent unit increase over the year-ago quarter. The Company sold 16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago quarter. 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.

"We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales," said Steve Jobs, Apple's CEO. "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."

Commentary
Apple is indeed on fire as customers are adopting their products across the globe.  This is clearly benefiting the Mac product line as Apple continues to set quarterly records.  It's the Mac's third straight record quarter and the first time crossing the 4 million unit threshold.  Here's a breakdown of Mac sales for the quarter:

q1-2011-mac.png
Source: Apple 2011 Q1 Press Release

I'll provide analysis of these numbers over the next day or so.

You can view the full Press Release here.

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