Apple reports quarterly profit growth to US$6bn in 1Q11

- Wednesday, January 19, 2011

Apple reports quarterly profit growth to US$6bn in 1Q11

Apple reported net quarterly profits of US$6bn and revenues of US$26.7bn for fiscal 1Q11, ended December 25, according to the company's Q1 financial results.

The company saw its net quarterly profits grow from US$3.38bn during Q1 of fiscal 2010, while quarterly revenues surged 71% from US$15.7bn in fiscal 1Q10.

According to Apple, the growth was driven by record Mac, iPhone and iPad sales. During the first quarter of 2011, the company sold 4.13mn Macs, a 23% unit increase over the same quarter in 2010. Apple posted sales of 16.2mn iPhones in 1Q11, representing 86% unit growth over 1Q10.

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Apple also reported that iPod sales increased 7% year-on-year to 19.4mn units during the first quarter of 2011. Additionally, the company sold 7.33mn iPads during the quarter.

Use this link to view the full results.