Apple posts $3.38b Q1 profit: iPhone sales double, Macs up 33 percent, iPods down eight

Apple just turned in its Q1 financials, revealing that iPhone sales have doubled in the past quarter compared to last year, Mac sales are up 33 percent, and iPod sales continue to decline with an eight percent dip from a year ago. The company brought in revenues of $15.68 billion, good for $3.38 billion in profit, or $3.67 profit per share. That’s up from last quarter’s profit of $2.26 billion on $11.88 billion in revenue, and in fact, it’s Apple’s all-time highest revenue and profits. Steve sounds pretty pleased in the PR, and hints at far more to come: “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.” We’re sure to find out more later on the analyst conference call, so stay tuned.

Apple posts $3.38b Q1 profit: iPhone sales double, Macs up 33 percent, iPods down eight originally appeared on Engadget on Mon, 25 Jan 2010 16:42:00 EST. Please see our terms for use of feeds.

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