Apple just concluded their Q1 2011 earnings call, and while Steve Jobs may be taking a leave of absence, he’s leaving his company in good shape: Apple has just had their best quarter ever, racking in over $26.7 billion in revenue, a number which blows away even the most optimistic Wall Street projections.
In Q1 2011, Apple managed to sell 16.24 million iPhones, which was a new record for the company. Even more impressively, they sold 7.33 million iPads over the holiday period, which was over 3 million more than the previous quarter.
On the Mac side, Apple sold 4.13 million Macs, a strong growth of 23 percent year-over-year, largely buoyed by the runaway success of the new MacBook Air. iPod sales, on the other hand, were down 7 percent year-over-year, continuing a steady decline.
Steve Jobs did not appear during the conference call, nor was his health referenced. However, he did provide a quote for the press release, saying: ““We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales. 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.”
Apple projects $22 billion in revenue for next quarter, as well as earnings per share of $4.90. Given Apple’s history surprising its shareholders, it’s probably going to be a lot more.
