Apple tops highest revenue in history record $3.38 Billion Profit for Q1 2010

Apple

Apple today announced financial results for the first fiscal quarter of 2010 which record the most profitable quarter in Apple’s history on record-breaking revenue. The company also tops the highest quarterly record of its Mac and iPhone sales.

“ Apple posted revenue of $15.68 billion and net quarterly profit of $3.38 billion, or $3.67 per diluted share, compared to revenue of $11.88 billion and net quarterly profit of $2.26 billion, or $2.50 per diluted share, in the year-ago quarter. Gross margin was 40.9 percent, compared to 37.9 percent in the year-ago quarter, and international sales accounted for 58 percent of the quarter’s revenue.”

There are 33.36 million Macintosh computers shipped during the quarter posting a 33 percent unit increase over a year ago. Apple iPhone reached 8.7 million unit sales which is up 100 percent from the year-ago quarter while it sold 21 million iPods posting 8 percent decline over a year ago quarter.

Apple’s setting course for the second quarter of 2010 with expected revenue of $11 billion to 11.4 billion and earnings per diluted share of $2.06 to $2.18.

“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company,” said Steve Jobs, Apple’s CEO. “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.” I think Jobs is trying to tease its Apple tablet as its “new strong products” in week time with its January 27th Media Event. Let’s see if Apple will come strong heading the 2Q.

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