By: Steph Dlugon
Apple announced financial results for its fiscal 2010 first quarter yesterday. The company posted record revenue of $15.68 billion and a record net quarterly profit of $3.38 billion. According to a data summary, “Apple sold 3.36 million Macintosh® computers during the quarter, representing a 33 percent unit increase over the year-ago quarter. The Company sold 8.7 million iPhones in the quarter, representing 100 percent unit growth over the year-ago quarter. Apple sold 21 million iPods during the quarter, representing an eight percent unit decline from the year-ago quarter.”
“We are very pleased to have generated $5.8 billion in cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2010, we expect revenue in the range of about $11.0 billion to $11.4 billion and we expect diluted earnings per share in the range of about $2.06 to $2.18.”
Apple CEO Steve Jobs took an opportunity during yesterday’s earnings meeting to once again plug the upcoming product release meeting slated for tomorrow. “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.” Nearly everyone with a pulse is banking on Apple announcing a release of a tablet device.
Analysts have already been predicting how much the as-of-yet-non-existent tablet will earn for Apple.
