As expected, Apple reported another record quarter, with revenue hitting $26.74 billion, above the most optimistic Wall Street estimates of about $25 billion. The iconic technology company posted $6 billion in profit, or $6.43 per share.
For the same quarter last year, Apple posted $15.68 billion in revenue and net quarterly profit of $3.38 billion, or $3.67 per share.
In a press release, Apple CEO Steve Jobs said the results were driven in large part by strong iPad and iPhone sales. The company sold 16.24 million iPhones in the quarter, representing 86 percent growth over the year before, and 7.33 million iPads. Mac computer sales were also strong, with 4.13 million sold, a 23 percent increase over the first quarter of 2010.
The record results come as Apple's stock dipped slightly on the news that Jobs is taking a leave from the company for health reasons. Apple closed Friday at $348.09 and opened the day at $328, before creeping back up to $340.
Jobs has taken leaves before, and returned, but there are very real questions as to whether the man who has been the face of Apple can be replaced, if necessary. He has been living with pancreatic cancer for the past few years, and had a liver transplant in 2009. He has given no details about his current condition.