Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Apple

 

Apple reports Record Holiday Quarter and Stock Jumps 7% in After Hour Trading

Apple set a new record of quarterly revenue and earnings in the 2011 Holiday Quarter.

1 Updates
Apple reports Record Holiday Quarter and Stock Jumps 7% in After Hour Trading
 
 

Comments

Full Story

Apple reports Record Holiday Quarter and Stock Jumps 7% in After Hour Trading

The Holiday quarter is traditionally the strongest for Apple, because of the all important Holiday shopping season. Apple announced record numbers for the 2011 Holiday Quarter that are almost double of those a year ago. The AAPL stock went up over 7% in after hour trading to close at $451.08.

 

Apple posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7% compared to 38.5% in the year-ago quarter. International sales accounted for 58% of the quarter’s revenue.

The Company sold 37.04 million iPhones in the quarter, representing 128% unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111% unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26% unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21% unit decline from the year-ago quarter.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

Tim Cook is off to a great start and Steve Jobs has set Apple on a fast track to growth. Will this ever end? Definitely not anytime soon as the iPhone and iPad seem unstoppable.

The next big thing we expect from Apple is the unveiling of the iPad 3. It is still unclear what else Apple is going to reveal in the coming months. We don't expect the new iPhone 5 until Fall. 9to5Mac reports that Tim Cook invited all Apple employees to a Town Hall Meeting today, Wednesday 25th to discuss the record earning and new things going on at Apple.

 

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 1

Centurion Corp acquires Penang land to develop workers dorm

Source: The Edge Singapore

Centurion Corporation said it has agreed to acquire a piece of land located at Seberang Perai Selatan in Penang, Malaysia, for RM6.3 million ($2.45 million). This marks the group’s first acquisition in another ...
Source: The Edge Singapore   Full article at: The Edge Singapore Aug 12 2014, 9:21am CDT
 


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

&#039;NFL Now&#039; Launches on Apple TV With Breaking Football News and Highlights
'NFL Now' Launches on Apple TV With Breaking Football News and Highlights
The video content can be viewed on the iPhone, iPad, Mac (via a web browser) and other connected devices such as Roku, Amazon Fire TV, and as of today, the Apple TV channel that was leaked earlier in the month.
 
 
Intel and Unity announce collaboration to bring Android support to x86 devices
Intel and Unity announce collaboration to bring Android support to x86 devices
Unity will add Android support for Intel’s current and future x86 chips, including the Core and Atom families.
 
 
iPad Air 2 will double-down on RAM
iPad Air 2 will double-down on RAM
The upgrade might be incoming due to the multi-window feature for iPad we’ve been hearing about.
 
 
Walmart discounts on iPhone 5s and 5s
Walmart discounts on iPhone 5s and 5s
Walmart discounts 16GB iPhone 5c to 97 cents, 16GB iPhone 5s to $79 for 90 days
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.