Latest in Aapl

Image credit:

Apple beats Street estimates; 16M iPhones, 7M iPads sold in Q1


This just in:

Apple's financials for the first fiscal quarter ending December 31, 2010 are in, and Apple easily beat the Street.

Revenue for the first quarter rose to $26.7 billion, with earnings per share at $6.43. Apple's gross margin, which is always quite high, was at 38.5%. Wall Street estimates were modeling $24.43 billion in revenue, and EPS of $5.40, with a gross profit margin of 27%.

During the quarter, Apple sold 16.24 million iPhones, 7.33 million iPads, 4.13 million Macs and 19.45 million iPods. More news coming up shortly during our liveblog.

From around the web

ear iconeye icontext filevr