Tuesday, January 18, 2011

Apple’s Insane Q1 ’11: $26.7 Billion Revenue, $6 Billion Profit; 7.33 Million iPads, 16.24 Million iPhones

Apple has had a rough couple of days. Yesterday, CEO Steve Jobs announced a medical leave of absence. As a result, the stock plunged today before rallying back to close down just over 2 percent. But this should cheer everyone up. Apple has just announced their Q1 2011 (their holiday quarter) earnings — and as many anticipated, they’re massive.
How massive? Well, coming off its best quarter ever in terms of revenue ($ 20.34 billion in Q4), Apple was projecting $ 23 billion in revenue

Cheap iPods

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