I’d like to introduce a new category to the Out N’ Front Blog, titled “The Street.” These posts will give a short recap of quarterly earnings reports and financial analysis of device manufacturers and mobile telecom companies provided by Wall Street analysts. Taking into account all the recent news surrounding Steve Jobs leave of absences from the company, let’s begin with Apple.
In their strongest quarter in history, Apple recorded $26.74 billion in revenue and $5 billion in net profits during fiscal Q1’11. Beating Wall Street expectations and in some cases their own, here’s a breakout of the revenue and profits:
- iPhones – 16.24MM ($10.5b)
- iPads – 7.33MM ($4.6b)
- Macs – 4.13MM ($3.7b)
- iPods – 19.4MM ($3.4b)
Of the $26.74 billion, $9.2 billion came from the Americas with $3.8 billion coming from the retail channel.
- 50% of iPod sales were comprised of iPod Touch’s +27%
- 80% of Fortune 500 companies are already piloting or deploying the iPad
- 88 of the Fortune 100 companies are deploying iPhones
- Mac sales beat IDC estimates by 8x
- Apple has set Q2’11 (fiscal) revenue estimates at 22 billion
- Apple Q1 2011: Apple Wins Christmas (nytimes.com)
- Apple Q1 Profits Almost Double (informationweek.com)
- Apple posts record revenue, earnings for Q1 2011 (news.cnet.com)