Business as usual for Apple in latest record quarter


Business as usual for Apple in latest record quarter

Alex Scroxton

Barely a day after CEO Steve Jobs took renewed medical leave and handed control of Apple to COO Tim Cook, the firm has reported yet another record quarter, with iPad sales driving its highest ever earnings and revenues.

Apple breezed cheerfully past its last set of numbers to post sales of $26.74bn (£16.73bn) up 70% year-on-year and 31% sequentially.

Net profit of $6bn was up 77% on the year-ago quarter, and 39% sequentially.

Apple said it shifted just over 4 million Macs during the three months to 25 December, a 23% unit increase year-on-year. Over 16 million iPhones walked out the door, up 86% on the same period, while sales of the iconic iPod slid as sales were cannibalised by the iPhone once again.

Apple also sold 7.33 million iPads, which are making waves in the corporate space, according to analysts at Context; Apple's tablet device is currently thought to account for 70% of tablet sales in the UK market.

"We couldn't be happier with the performance of our busienss, generating $9.8bn in cash flow from operations during the December quarter," said Apple CFO Peter Oppenheimer.

"Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22bn and we expect diluted earnings per share of around $4.90," he added.


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