So you’ve probably heard or read about Apple’s gangbusters performance in their Q1 2011 financial results, if not head over here for a full rundown of the data. However for all those that prefer seeing numerical data in graphics or want to truly grasp how significant Apple’s results have been, stick around.
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Graphical Analysis of Apple’s Q1 2011 Financial Report
Apple’s 2011: iPad Bigger Than Macs, And Yet The Mac Is Growing
Apple’s Q1 2011 financial results are both unsurprising and, quite frankly, incredible. We all expected Apple to post record, blockbuster sales and revenue figures after the holiday season; yet, seeing the numbers on Apple’s official press release is a completely different story. Apple sold more than 7 million iPads in the last quarter, 16.2 million iPhones and more than 4 million Macs. Apple’s iPod business is “in decline” with 19.4 million iPods sold, but the iPod hasn’t been Appel’s main and only mobile business for four years now. Read more
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”
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]
More Alleged iPad 2 Cases Appear, Hint at Mini DisplayPort
Rumors and leaks surrounding the forthcoming second generation iPad continue to spread like wildfire across the blogosphere with the latest coming from AppleInsider and MIC Gadget. Both received photos of iPad 2 cases that had openings that would suggest the addition of a rear facing camera, larger speaker, possible SD card slot and most intriguingly a small port at the top of the device that could be for a Mini DisplayPort receptacle.
The two tech blogs received photo’s of cases from China that whilst different had virtually identical port openings and further back up reports by Engadget that the second generation iPad would have an SD card slot and rear facing camera. The larger opening on cases around the speaker is also a recurring feature of such leaked iPad 2 cases and seems to be a likely improvement on the iPad 2.
Analysts and Bloggers Share Q1 2011 Predictions
With Apple’s financial results for Q1 2011 only a few hours away, Fortune has posted its usual chart of predictions from professional and amateur analysts regarding Apple’s sales for the last quarter. To give it a bit of context, in the last quarter (pre-holiday season) Apple sold 3.89 million Macs, 14.1 million iPhones, 4.19 million iPads, 9.05 million iPods. The company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion.
Looking at Fortune’s chart, it appears that most analysts are predicting revenue between $23 and $27 billion, 14 to 16 million iPhones sold and 6 to 7 million iPads sold. Horace Dediu from Asymco, for instance, is predicting $25.50 billion revenue, 16.16 million iPhones sold, 18.87 million iPods, 4.30 million Macs and 6 million iPads.
Official numbers will be provided by Apple later today. An audio-only webcast of the conference call will be available here.
Reminder: Apple Q1 Financial Results Today – 5 PM ET
Later today starting at 5:00 PM ET (2:00 PM PT) Apple will hold the Q1 2011 earnings call to announce their financial results, shortly after the markets close. An audio-only live streaming will be available at www.apple.com/quicktime/qtv/earningsq111/. We will offer a breakdown of the results and have a post in the homepage with continually updating notes from the earnings call.
Apple is expected to post blockbuster sales from the holiday season, with iPads and iPhones to lead and the new MacBook Airs to follow. 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.
Apple CEO Steve Jobs announced yesterday that he’s taking another medical leave of absence to focus on his health.
Bump Data Suggests 90% of iOS Devices Running 4.x
David Lieb, founder and CEO of iPhone app Bump yesterday posted some data on Quora to a question about what percentage of users of iOS devices were on 4.x, his answer revealed that 89.7% of Bump users were on the latest major iteration of iOS, 4.x.
Although Lieb didn’t note how big the sample size is, the latest known figure of Bump downloads was 15 million back from August last year. That’s a large sample size and one that includes users of iPhones, iPod Touch’s and iPads, a sample that would suggest the ~90% is a close approximation to the real percentage of iOS device users on the latest major iteration of iOS, version 4.
Ian Peters-Campbell of Loopt, another iOS app backed up Lieb’s data but said for his users take-up was even a little higher. Anyway you cut it such a high take up rate in about six months is impressive. It also highlights concerns over how fragmented Android is compared to iOS which back in December 2010 when Froyo (2.2) was the latest Android OS only had 43.4% take up, let alone Gingerbread (2.3) which as of today ReadWriteWeb says only has 0.4% take-up.
Lieb of Bump, posted a full breakdown of iterations and percentages of users, which is posted after the break. The key data is that 53% of users are on the very latest software update of 4.2.1.
During Steve’s Absence, Apple Will Be Just Fine
News broke earlier today that Steve Jobs is taking another medical leave of absence to focus on his health. And just like the last time, he has appointed Apple COO Tim Cook as the head of day-to-day operations. This time around, though, Steve Jobs will maintain the CEO position. Long story short: Steve Jobs has to focus on his health and personal life, something you would expect from a man who beat cancer in the past and successfully underwent a liver transplant. Apple employees will have get used to not seeing Jobs on campus or in his office for a few months. But I don’t want to speculate on Jobs’ conditions, habits and role at Cupertino. Instead, I would like to point out how out of this complex and much-talked story Apple as a company will be doing just fine. Read more