Q111
Latest
Apple turns in record Q1: $6b profit on $26.7b revenue, 16.2m iPhones sold
Apple's announcement of Steve Jobs' medical leave just one day before releasing its Q1 financial results struck us as well-planned yesterday, and here we are: if Cupertino's record $6 billion profit on a record $26.7 billion in revenue isn't enough to turn that frown -- and stock slide -- upside down, well, nothing else will. iPhone 4 sales were predictably strong through the holidays, clocking in at a record 16.2m units, or up 86 percent from last year, while Mac sales went up 23 percent to a record 4.13m and iPod sales were stronger than expected at 19.45m, a seven percent decline. As for the iPad, Apple's tablet had its second straight dominant quarter, with record sales of 7.33 million -- some 3 million more than the Mac. Apple's financial call with new acting CEO Tim Cook and CFO Peter Oppenheimer is scheduled to start at 5PM EST -- check after the break for our usual liveblog while you're listening live on Apple's site.
RIM sells 100 millionth BlackBerry, hints at two more devices in the near future
Say what you will about BlackBerrys -- although with the Bold 9800 slider and OS 6, things might be looking up -- Research in Motion is still doing strong in the pocketbooks. The company just released its first fiscal quarter 2011 results with revenue growth of 24 percent year-over-year, and here's the rounded-number kicker: its 11.2 million shipments of smartphones this quarter has raised total shipments to over 100 million BlackBerrys. Quite a feat, but enough chit chat about the past -- what does the future hold? In a conference call pertaining to the fiscal results, RIM alluded to two new devices shipping soon, with one for the summer and one closer to fall. We'd bet a pretty penny one of them is the aforementioned slider, but as for the second? Guess we'll just wait and see.
