Apple announced its fiscal 2010 first quarter financial results yesterday.
The Company posted revenue of $15.68 billion and a net quarterly profit of $3.38 billion, or $3.67 per diluted share. These results compare to revenue of $11.88 billion and net quarterly profit of $2.26 billion, or $2.50 per diluted share, in the year-ago quarter. Gross margin was 40.9 percent, up from 37.9 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.
One of the highlights has to be the fact that Apple sold 8.7 million iPhones in the quarter, a 100 percent unit growth over the same quarter a year ago.
And Steve Jobs has high expectations for the rest of the year:
“The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.”
Can the expected Apple tablet (iPad/iSlate?) meet with the same success as the iPhone?