Apple Inc. on Tuesday reported record revenue of $26.74 billion, beating Wall Street's forecast of $24.4 billion after a bumper holiday shopping season.
For the 2011 first quarter ended December 25, 2010, the world's most valuable technology company posted record net quarterly profit of $6 billion, or $6.43 per diluted share. In the year-ago quarter, Apple reported quarterly profit of $3.38 billion, or $3.67 per diluted share.
During the quarter, Apple sold 16.24 million iPhones, 7.33 million iPads , 4.13 million Macs and 19.45 million iPods. Kaufman Brothers analyst Shaw Wu gave unit assumptions for the quarter of 16 million iPhones, 6.1 million iPads, 4.2 million Macs, and 17 million iPods.
We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,Steve Jobs, Apple's CEO said in a press release. 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.
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, Oppenheimer said Apple expects revenue of about $22 billion and diluted earnings per share of about $4.90.