AppleInsider StaffThe Cupertino-based company also posted record revenue of $26.74 billion for the three-month period ended December 25, 2010, or more than $2 billion above consensus estimates, as independent analyst and AppleInsider contributor Andy Zaky predicted. The 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.
Apple sold 4.13 million Macs during the quarter, a 23 percent unit increase over the year-ago quarter. The company also sold 16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago quarter. iPod sales during the quarter totaled 19.45 million, representing a seven percent unit decline from the year-ago quarter, while iPad sales came in at 7.33 millionunits.
“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,†said Apple Chief Executive Steve Jobs. “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.â€
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 couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,†said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90.â€
Apple will provide live streaming of its Q1 2011 financial results conference call beginning at 2:00 p.m. PST. AppleInsider will have full coverage.
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42 Comments
What was the consensus estimate?
EDIT: I found $24.31 billion by Googling, although the source wasn’t any big name.
Not only does that blow away analyst forecasts, it beats even the most bullish amateur's estimates.
Look for AAPL to sink tomorrow
Boo-ya!
What was the consensus estimate?
From an earlier AI article:
Analyst Mark Moskowitz of JP Morgan has weighed in with an earnings expectations report that expects "Apple to beat our above-consensus revenue and EPS estimates of $24.778 billion and $5.38," noting that "the Street consensus is at $24.226 billion and $5.34."
What was the consensus estimate?
Wall street Analysts polled by Thomson Reuters expect Apple to post $5.38 in earnings per share (EPS) on approximately $24.38 billion in revenue.
Bloggers are looking for Apple to post $6.32 in earnings per share (EPS) on approximately $26.4 billion in revenue.
The Company posted record revenue of $26.74 billion and record net quarterly profit of $6 billion, or $6.43 per diluted share.
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