Apple Q1 2011 Financial Results - $26.74 Billion Revenue, 7.33 Million iPads Sold

Apple just posted their Q1 2011 financial results. The company posted a record revenue of $26.74 billion with 7.33 million iPads sold, 16.24 million iPhones and 4.13 million Macs. The company posted record net quarterly profit of $6 billion, or $6.43 per diluted share. 19.45 million iPods were sold during the quarter.

“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.”

“We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90.”

In the last quarter, Apple posted record iPhone and Mac sales with 14.1 million iPhone sold, 3.89 million Macs and 4.19 million iPads. The company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion. In the year-ago quarter, Apple posted revenue of $15.68 billion and a net quarterly profit of $3.38 billion. 3.36 million Macs were sold in Q1 2010, together with 8.7 million iPhones and 21 million iPods.

Apple will provide live streaming of its Q1 2011 financial results conference call at 2:00 PM Pacific, and we’ll update this story with the conference highlights.

Full press release embedded below. Unaudited summary data available here.

Notes from the call:

- Revenue $26.7 billion, increase over $11 billion over year

- Income $6 billion, over $1,7 billion from year ago quarter

- Strong demand of new MacBook Air

- Strong sales of Mac Pro

- Mac App Store available in 90 countries, doing well with over 1000 apps available

- iPod share remains at over 70% in market, iPod top selling in most countries

- iTunes: $1.1 billion revenue

- iTunes users are renting over 400,000 TV show episodes, 150,000 movies per day

- Enterprise: 88 of Fortune 100, 60% of Financial Times Europe testing or deploying iPhones

- Fortune 500, Wells Fargo, Dupont, Staples, Starbucks made iPhone available to employees

- iPad now available in 46 countries

- 160 million iOS devices sold to date

- Over 80% of Fortune 500 are deploying or piloting iPad

- Apple retail: revenue $3.85 billion

- 851,000 Mac sold at Apple retail stores, half sold to new customers

- 323 stores worldwide, 87 outside US

- 75.7 million customers in Apple retail stores

- Four stores in China with highest traffic and highest revenue

- Apple has $59.7 billion in cash now

- $22 billion in revenue expected for next quarter, 38.5% expected gross margin

Quotes From Q&A

Tim Cook: “Very happy with the Mac App Store so far”

TC: “We believe the results from the Verizon iPhone will be huge”

TC: “We are working around the clock to build more iPhones”

TC: Revenue from Greater China (Mainland China, Hong Kong, Taiwan) last quarter was $2.6 billion, up 4 times last quarter

TC: 15 more countries to start selling iPhone in January

TC: “Commodities – going into March quarter. Key metals pricing increasing but other commodities such as batteries and RAM we expect to fall.”

TC: “Apple is doing its best work ever. We are all very happy with product pipeline and the team here has an unparalleled breadth and depth that Steve has driven in the company, and excellence has become a habit. We feel very very confident about the future of the company. I would also note that we’ve done outstanding job in our Mac: 19 straight quarters of outgrowing market, but still have a very low share. It would seem like still enormous opportunity there.” [via]

TC: Apple is not doing a 7-inch tablet, which would be a scaled-up smartphone. It’s a bizarre product.

TC: “Put Android & Windows tablets side by side with an iPad and an enormous percentage will choose iPad.”

TC: “Next generation Android tablets - there’s nothing shipping. They lack performance specs, they lack pricing, they lack timing - so today they’re vapor.”

TC: ” We’re very confident for entering a fight with anyone.”

Tim Cook on iPad sales Vs. Mac sales: “Yes, I think there is some cannibalization”

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Window Cleaner Hides Inactive Apps To Prevent Desktop Clutter

The desktop isn’t iOS. On our Macs, we tend to open lots of apps and create new windows every minute, and we rarely remember to close them once we’re done with them. Unless you’re a serious window management geek who has installed scripts and utilities to keep your Mac’s screen elegant and neatly organized, free of useless and inactive windows, then I guess you’re looking for a simple, automated way to prevent “window clutter” from taking over your machine.

Window Cleaner, a $0.99 utility available in the App Store, does one thing very well: it hides app windows that have been inactive for a certain amount of time. The app, which lives in the menubar, comes with a Preferences panel that allows you to set an amount of minutes after which inactive windows will be hidden. You can opt to start the app at login (recommended) and “whitelist” applications that you want to be open all the time, like DVD Player or Movist, for instance.

This app just works, and even though I guess it’s possible to achieve similar results with a bit of Applescript – the average user will appreciate the advantages offered by a user interface and automatic Mac App Store updates. One thing that I would like to see in Window Cleaner is the possibility to set per-app expiration times, instead of a single amount of time to hide all apps.

Go get Window Cleaner here.

This Free App Lets You Control Music with Gestures

The app is called SongSwiper, it’s available for free in the App Store and it was updated yesterday to include Retina-ready graphics for the iPhone 4 and iPod touch 4th gen. SongSwiper is basically a controller for music playing from the standard Apple iPod app, but it allows you to control songs with swipes and taps instead of buttons, as in the iPod application.

The app looks a lot like Bowtie or Coversutra for OS X in the way it displays the artwork for a song currently playing. Unlike the aforementioned Mac apps, though, SongSwiper can’t live on top of your desktop – you’ll have to open the app every time if you want to enjoy its feature set. You can change between songs with a single swipe left or right, or adjust volume with a swipe up / down. To play and pause, double tap on the artwork. You can shuffle, manually pick songs from your Library.

SongSwiper might be the perfect app for those who use the iPhone in their car a lot and find it easier to swipe on the screen rather than having to point to a specific little button. The app’s free, so you should give it a try.

New Music Notifications with Nomis

We cover lots of music apps on MacStories, we even had a Roundup at the end of 2010. What can we say, we’re all big audiophiles here at MSHQ. Today we’re showing you another music app, but this one is unique and a first to the app store. It’s called Nomis, by Taprockets - an independent company in Germany - and it reminds you of new releases for all your favorite music artists. It’s very easy and simple to use. Read more

Office To Follow Someday? Microsoft’s OneNote Comes To The iPhone→

Office To Follow Someday? Microsoft’s OneNote Comes To The iPhone

Earlier today, Microsoft released a new version of its note-taking application OneNote that’s specifically meant for iPhone users. The app is available for free (limited time offer) in the App Store. Even though this is no confirmation the full Office suite is coming to iOS soon, the arrival of OneNote on the iPhone sure suggests the Office team has been thinking about iOS apps. Even if Ballmer was disappointed at initial iPad sales (we wonder if he still is), rumors surfaced in the past pointed at the Microsoft Office team considering development of an iPad version of Office.

As for OneNote:

We know people care more about what they do than where they do it,” Microsoft Office unit Vice President Takeshi Numoto says in a blog post being published on Tuesday. “Whether it’s on a PC or Mac, a mobile phone or online through the Web Apps on multiple browsers, we continue to bring Office to the devices, platforms, and operating systems our customers are using. It should be about the ideas and information, not the device, right?”

Of course, OneNote is just one piece of Office–and one of the newer and least used of the main components at that. It’s also an interesting choice since OneNote isn’t available natively for the Mac. But, Microsoft seems to be leaving the door open to bring other pieces of Office to the iPhone.

The app can be downloaded for free here.

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How Many iPhone Apps Are There? 306,554 - And 60,000 iPad Apps

Looking at the “All-Time Top iPhone Apps” charts Apple updated earlier today, I noticed two interesting numbers worth to be shared: Apple is listing the actual number of free and paid iPhone apps available in the App Store. There are 306,554 iPhone apps available, and 201,635 of them are paid apps. These numbers are noteworthy as Apple rarely provides official stats of the iPhone App Store: they announced the 300,000 apps milestone on November 22 with the release of iOS 4.2 but there never was an easy way to instantly check on the exact number of apps available in the Store. Read more

Ahead of 10 Billion Downloads, Apple Updates “All-Time Top Apps” Page

The clock’s ticking on the 10 billion app downloads countdown, and Apple has updated its “All-Time Top Apps” page to reflect the changes that have occurred in the App Store in the past 12 months. The iTunes pages that showcase “All-Time Top Paid iPhone Apps” and “All-Time Free iPhone Apps” are available here and here, respectively.

Unsurprisingly, games are among the top paid apps. And by games, we mean Doodle Jump, Angry Birds, Pocket God and Flight Control. Actual “apps” in the top paid list include SoundHound (the music scanning / discovery tool), I Am T-Pain from Smule, Air Sharing from Avatron and Awesome Note. The list is huge as it basically sorts any iPhone app ever released by popularity and sales in the App Store. It is nice, however, to see gems like 1Password, Convertbot and Hipstamatic in the first page.

As for free apps, the usual Facebook, Pandora, Google and Shazam are the most downloaded apps of all time. Paper Toss, Bump, Skype and AroundMe are in there, too, together with dozens of other games in the first page.

These charts give us an idea of the trends in the App Store, and the kinds of apps that people want to buy or download for free. Where by “apps” we mean games. [via iSpazio]

iPad Pinches Almost 90% of Third Quarter Tablet Shipments

The world’s media tablet market grew an astounding 45% in the third quarter of 2010, says the International Data Corporation (IDC). And what magical device is getting the credit? The iPad of course. Apple’s iPad was the force behind the growing demand.

According to IDC’s figures, vendors shipped almost 5 million units worldwide in the third quarter of 2010. The second quarter shipped over 3 million units, with the iPad steering almost 88% of tablets shipped. Read more