Apple Sells 7.33 Million iPads in 4Q; $6 Billion Quarterly Profit
By on January 18th, 2011

Apple and Steve Jobs seem to have had a very nice holiday season as they posted revenue of $26.74 billion in the 4th quarter of 2010 and a profit of $6 Billion. This was $2.2 billion more than the YoY results in 2009.

Apple sold 4.13 million Macs during this quarter which was 23% more than the year-ago quarter. The sales were also not bad with 16.24 million units being sold. However, and other iPod devices saw a decline of 7% from last year to 19.45 million units.

The big number though was the sales. In the last three months Apple managed to sell 7.33 million iPads, this is definitely good news before more competition hits the market. Apple is also planning to launch the iPad 2 somewhere in April 2011.

The first quarter of 2011 should also see huge sales for the because of the Verizon deal Apple signed. This was also highlighted by Steve Jobs in the press release:

We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,said Steve Jobs, Apple’s CEO. 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.

Earlier today Apple’s share were down in trading due to Steve Jobs medical leave, however, the stocks went back up in after trading hours and should go up more tomorrow morning. So it looks like Steve Jobs health won’t put much of a dent into Apple’s share value.

You can tune into Apple’s Q1 2011 financial results conference call today at 2:0 PM PST at http://www.apple.com/quicktime/qtv/earningsq111/. The financial results will be declared via a audio webcast.

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Author: Keith Dsouza Google Profile for Keith Dsouza
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