Apple Posts $6bn Q1 Profit

Apple has announced record revenues of $26.74bn for its fiscal 2011 first quarter, ended December 25, 2010. The company posted a record net quarterly profit of $6bn, off the back of sales of 7.33m iPads, 16.24m iPhones, and 19.45m iPods. It also sold a few million computers (4.13m to be precise), which is what the company was once best known for. 62 per cent of revenues came from outside the US.

For the same quarter in 2010, Apple posted revenues of $15.68bn and net quarterly profits of $3.38bn, while for the last quarter before this, Q4, 2010, Apple posted revenues of $20.34bn and net quarterly profit of $4.31bn.

Announcing the results, Apple CEO, Steve Jobs said: “We had a phenomenal holiday quarter, with record Mac, iPhone and iPad sales,” says . “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.”