Apple reports $6 bln net profit in Q1

PanARMENIAN.Net - Apple reported record revenue for the first quarter, reaching US$26.74 billion, driven by sales in iPhones, Macs and iPads.

Revenue was up 71 percent. Net profit was up 78 percent to $6 billion, or $6.43 per diluted share.

The company sold 4.13 million Macs during the quarter, up 23 percent over the same period last year. IPhone sales continue at a healthy clip, improving by 86 percent over last year to 16.24 million sold in the quarter, the PC World reported.

Apple sold 4.13 million Macs during the quarter, a 23 percent unit increase over the year-ago quarter. The company sold 16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago quarter. Apple sold 19.45 million iPods during the quarter, representing a 7 percent unit decline from the year-ago quarter. The company also sold 7.33 million iPads during the quarter.