Apple to release Q2 results on Tuesday, April 24th

Posted by:
Date: Tuesday, April 3rd, 2012, 07:18
Category: Finance, News

applelogo_silver

It’s not the most exciting announcement in the world, but if you have Apple stock, you might want to know about it.

Per Mac|Life, Apple has updated their website to include details of the company’s second quarter 2012 financial results for the January through March period. As usual, the conference call will be streamed live via QuickTime shortly after a press release is made public with the key details.

The company’s financial Q2 2012 report will include the first wave of sales for the new iPad, although Apple has already announced that more than three million of the tablets moved during the mid-March launch weekend.

Some analysts believe that Apple is on target to hit more than US$1,000 per share by 2014, which would make it one of the world’s first trillion-dollar companies, should such predictions come true.

The event will take place on Tuesday, April 24, 2012 at 2pm PST (5pm EST).

Apple reports $46.33 billion in sales, $13.06 billion profit for Q1 2012

Posted by:
Date: Tuesday, January 24th, 2012, 16:37
Category: Finance, News

applelogo_silver

You just can’t ignore a US$13.06 billion profit.

Per Macworld, Apple on Tuesday reported that it tallied US$46.33 billion in sales and US$13.06 billion in profit for the fiscal first quarter ended Dec. 31.

Both the revenue and profit figures were quarterly records for Apple and blew away the numbers recorded in the year-ago quarter. Sales rose 73 percent from last year’s figure of US$26.74 billion; profits more than doubled from the US$6 billion earned in the fiscal first quarter of 2011.

Apple earned US$13.87 per share for the just-completed quarter, up 116 percent from last year. That handily beat consensus analyst estimates of US$10.08 per share. Analysts were expecting Apple’s sales to come in at US$38.85 billion.

“We are very proud of these results and extremely pleased with the momentum of our business,” Apple chief financial officer Peter Oppenheimer told analysts during a conference call to discuss the company’s results. Noting the record sales across three of its major product offerings, Oppenheimer hailed what he called the “strongest product lineup in Apple’s history.”

Apple’s strong performance during the quarter comes with a minor caveat. To align the fiscal first quarter with the end of the calendar year, Apple’s quarter ran 14 weeks—that’s an extra week over the typical fiscal quarter.

The company sold 37.04 million phones during a quarter which saw the release of the iPhone 4S. That’s a 128 percent jump from the iPhones sold during the year-ago quarter, and it tops the previous record for iPhone sales of 20.34 million units sold during 2011’s third quarter.

Apple reported US$24.4 billion in recognized revenue from its iPhone product line, up from US$10.5 billion in the year ago. While Apple doesn’t break out sales by model, Cook noted that the 4S was the most popular of the smartphones sold by Apple. (The company also sells a US$99 iPhone 4 and offers a free iPhone 3GS with a two-year service agreement.)

The iPad also enjoyed record sales during the quarter, with Apple selling 15.4 million tablets. That’s an increase of nearly 111 percent from the 7.3 million iPads sold during the year-ago quater.

Recognized revenue from the iPad line jumped 99 percent to US$9.1 billion, up from US$4.6 billion in last year’s quarter.

Since releasing its first iPad a little less than two years ago, Apple has sold 55 million tablets, according to Cook.

Looking at all products that run the iOS mobile operating system, Apple says it’s sold 315 million cumulative iOS devices, with 62 million of those devices being sold in the just-completed quarter.

One of those iOS devices—the iPod touch—accounted for more than half of the iPods sold by Apple during the holiday season. That’s a bright spot in the otherwise stagnant iPod segment—sales dipped 21 percent for the quarter to 15.4 million units.

Still, Apple says that the iPod still continues to command a 70 percent share of the MP3 player market, and its music player remains the top-selling device in most of the countries the company monitors.

Apple completed its hat trick of product line records by selling more Macs during the first quarter than in any previous quarter. The company says it sold 5.2 million Macs, a 26 percent increase from the year-ago quarter. Oppenheimer said the growth was driven by strong MacBook Air, MacBook Pro, and iMac sales

Sales of both desktops and laptop topped quarterly records as well, though laptops continue to drive the company’s Mac business. Apple sold 3.7 million portables during the quarter, nearly 72 percent of the total Macs sold.

The strong Mac sales come at a time when the rest of the PC industry is struggling with stagnant growth. Oppenheimer noted that research firm IDC forecasted a flat growth rate for the quarter—a figure that Apple easily outpaced. It’s the 20th consecutive quarter that Apple’s Mac business had outgrown the overall PC market.

In fact, Apple outgrew the PC market in each of the geographic regions it does business. Growth was particularly strong in the Asia Pacific region, where Mac sales grew 58 percent.

On the retail front, Apple’s 361 stores brought in US$6.1 billion in revenue for the quarter, up from US$3.85 billion last year. The stores reported strong year-over-year growth across all product lines—Apple sold 1.1 million Macs through its retail stores, for example, with half of those going to customers new to the platform. Average store revenue rose from US$12 million last year to US$17.1 million.

Apple says 110 million people visited its stores during the holiday quarter, an increase of 45 percent from last year. That works out to a weekly average of 22,000 visitors per store. Oppenheimer credited two initiatives—Apple’s EasyPay self-checkout process and Personal Pickup, where customers shop online and pick up products at the store of their choice.

Apple opened four stores during the quarter—one in New York’s Grand Central station and the other three in Europe. Oppenheimer usually provides an estimate of planned store openings for the coming quarter, but that was absent this time around. In September, Apple said it would open 40 new stores in 2012 with three-quarters of those slated for outside the
U.S.

Apple ended its first quarter with US$97.6 billion in cash, up from US$81.6 billion at the end of the September quarter. Oppenheimer said that Apple was “actively discussing uses of our cash balance,” but added that there was nothing to share at this time.

Looking ahead to the second quarter ending in March, Oppenheimer told analysts to expect $32.5 billion in revenue and earnings per share of US$8.50. That compares to revenue of US$24.67 billion and earnings of US$6.40 a share in the 2011 second quarter. Analysts are looking for earnings of US$8.03 a share on sales of US$32.04 billion.

Stay tuned for additional details as they become available.

Rumor: Apple to purchase Israeli flash memory company Anobit

Posted by:
Date: Tuesday, December 13th, 2011, 06:49
Category: Finance, Rumor

applelogo_silver

When Apple ponders buying something, it’s worth paying attention to.

Per TechCrunch, Apple is planning to spend between US$400 million and US$500 million to buy Anobit, an Israel-based flash memory company, according to a new report.

Citing a Hebrew-language report, TechCrunch relayed on Tuesday that Apple plans to acquire the 200-employee Israeli fabless semiconductor company that specializes in flash storage. If the deal comes to pass, it’s believed to be the first acquisition for Apple with Tim Cook at the helm as CEO.

“Anobit provides flash storage solutions for enterprise and mobile markets, based on its proprietary MSP (which stands for ‘Memory Signal Processing’) technology,” the report said. “Its solutions are designed to improve the speed, endurance and performance of flash systems while driving down the cost. Anobit’s technology is comprised of signal processing algorithms that compensate for physical limitations of NAND flash, the company claims.”

Apple is believed to already rely on Anobit’s solutions for its flash-based products, including the iPhone, iPad and MacBook Air. Of the most interest to Apple is said to be Anobit’s MSP20xx embedded flash controllers for mobile devices.

Apple has used its massive cash hoard to strategically invest in components and acquire companies that will give it a leg up on the competition. In 2005, Apple inked a major flash memory deal with Samsung, allowing Apple to build products with NAND flash including the iPhone, iPad and MacBook Air.

The company made a similar deal earlier this year, when Cook revealed that Apple had committed US$3.9 billion to secret, long-term component contracts. Cook said the deals were a “fantastic” use of the company’s cash reserves, but declined to say what components Apple had secured, citing competitive reasons.

If Tuesday’s report is accurate, it would be a rare hardware-based acquisition for Apple. The company’s last major buyout of a hardware company came in 2008, when Apple bought P.A. Semi for US$278 million, paving the way for it to build custom ARM-based chips for the iPhone and iPad.

Stay tuned for additional details as they become available.

AT&T offers revised timeline for T-Mobile merger

Posted by:
Date: Monday, November 7th, 2011, 13:47
Category: Finance, iPhone, News

attlogo

Sometimes you’ve just got to wait for your gigantic telecom merger to take place.

Per Macworld, AT&T has pushed back the expected date of its proposed US$39 billion merger with T-Mobile USA, saying now that the deal will close in the first half of 2012.

When it announced the deal in April, AT&T said it expected to get regulatory approval within 12 months. But a lawsuit by the U.S. Department of Justice and seven states, filed on Aug. 31, made that forecast unrealistic. The suit isn’t even scheduled to go to trial until Feb. 13, 2012.

AT&T laid out the new timeline in a document filed with the U.S. Securities and Exchange Commission on Thursday.

The DOJ has argued that the merger would raise prices and stifle innovation by eliminating a low-price competitor. AT&T’s plans have also come under attack from some consumer groups and from Sprint Nextel and C-Spire Wireless, a smaller mobile operator. Earlier this week, a federal judge allowed a lawsuit by Sprint and C-Spire to go forward. Those carriers argue that the merger would make it harder for them to acquire new types of handsets because of exclusive deals that a combined AT&T and T-Mobile could make.

Stay tuned for additional details as they become available.

Apple posts $28.27 billion revenue, $6.62 billion profit for Q4 2011, still disappoints some analysts

Posted by:
Date: Wednesday, October 19th, 2011, 04:00
Category: Finance, News

applelogo_silver

You can offer evidence of something pretty amazing, but you’ll never win the entirety of your audience over all the time.

In this vein, Apple released the financial results for its fiscal fourth quarter yesterday, reporting record sales of the Mac and iPad product lines as well as the company’s highest September quarter revenue and earnings ever, the news still failing to meet some analysts’ expectations.

Per Mac|Life, Apple announced its quarterly financial results for the fiscal 2011 fourth quarter which ended on September 24. Even without a new iPhone over the summer, the company still racked up quarterly revenue of US$28.27 billion and quarterly net profit of US$6.62 billion, or US$7.05 per diluted share. Last year at the same time, Apple had revenue of US$20.34 billion and net quarterly profit of US$4.31 billion, or US$4.64 per diluted share. The company’s gross margin was 40.3 percent compared to 36.9 percent in the same quarter a year ago, with international sales accounting for 63 percent of the quarterly revenue.

Even with this at hand, analysts on Wall Street looked at the report glumly, with Apple missing their own expectations of US$7.22 per share and revenue of US$29.5 billion. Per the Wall Street Journal, Apple hasn’t missed earnings forecasts since the second quarter of 2002, but others are saying sometime in 2004 instead. Whatever the case, the stock fell eight percent after hours but rebounded just a bit to close at US$398 per share.

While Apple has already sold more than four million iPhone 4S devices in the first weekend which won’t be accounted for until next quarter, the company still managed to move 17.07 million of the older handsets in the current quarter, a 21 percent year-over-year growth and certainly nothing to sneeze at. 11.2 million iPads flew out the door, marking a 166 percent increase from the same quarter last year, with 4.89 million Macs also finding homes in the quarter, a 26 percent unit increase.

“We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual revenue to US$108 billion and growing earnings to US$26 billion,” said Tim Cook, Apple’s CEO. “Customer response to iPhone 4S has been fantastic, we have strong momentum going into the holiday season, and we remain really enthusiastic about our product pipeline.”

One product category that took a hit was the iPod, which sold only 6.62 million units during the quarter, marking a 27 percent decline from the same quarter last year — but certainly not bad for a lineup that’s now a decade old, and the iPod continues to hold more than 70 percent market share.

“We are extremely pleased with our record September quarter revenue and earnings and with cash generation of US$5.4 billion during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2012, which will span 14 weeks rather than 13, we expect revenue of about US$37 billion and we expect diluted earnings per share of about US$9.30.”

As usual, Apple held a conference call to provide further highlights and field questions from analysts and investors, with CEO Tim Cook noting that it marks the first since the passing of co-founder Steve Jobs. “The world has lost a visionary and an amazing human being,” Cook stated. “He was an amazing leader and mentor. His spirit will forever be the foundation of Apple, and we are dedicated to continuing the amazing work that he loved so much.”

Cook then got down to business by turning things over to CFO Peter Oppenheimer, who repeated most of the details from Apple’s earlier press release before throwing out some additional numbers. These included iTunes Store revenue of US$1.5 billion, 180 million iBooks sold, US$11 billion in revenue from iPhone handsets and accessories, and six million downloads of OS X Lion in the quarter.

Asia-Pacific growth doubled year over year, which the company was expecting to fall when it became clear in June that no new iPhone was on the horizon. The handset is now available on 230 carriers in 105 countries, with Consumer Reports listing the device with its highest customer satisfaction rating for the sixth consecutive time. 93 percent of Fortune 500 companies are now either deploying or testing the iPhone, up from 91 percent last year.

The App Store is also flying high, with 22 more countries enlisted during the quarter for a total of 123. Retail stores are also enjoying “very strong” year-over-year growth, particularly for Mac and iPad sales, which enjoyed their best quarter ever — which no doubt helped lessen the blow from the iPhone 4S being unveiled in fiscal Q1 2012 instead.

Last but not least, during the closing question and answer session, Cook proclaimed confidence that Apple would have record sales for the next quarter, which includes the all-important holiday season. That quarter will also bring the iPhone 4S to another 22 countries at month’s end, with even more coming by year’s end.

Apple begins ordering NAND Flash memory from alternate vendors, works to curb reliance on Samsung

Posted by:
Date: Thursday, September 22nd, 2011, 03:42
Category: Finance, News, retail

applelogo_silver

When in doubt, find another supplier.

Per DigiTimes, Apple is increasing purchases of flash memory from Japanese suppliers in an effort to scale back its dependance on Samsung for components, as the two companies continue their legal dispute.

DigiTimes on Thursday cited industry sources as saying that Apple has tapped Toshiba and Elpida Memory for orders of DRAM and NAND flash.

“Apple has moved to reduce its reliance on memory supplies from Samsung Electronics, the sources claimed,” the report read. “The vendor has procured more NAND flash parts from Toshiba, and mobile RAM from Elpida, the sources indicated.”

The tipsters also suggested that the ongoing legal dispute between Apple and Samsung has been “key to encouraging” Apple to broaden its supplier base. According to the report, the Korean electronics giant has been the largest component supplier for Apple’s products in the past.

Last week, reports emerged that Apple had signed a foundry agreement with Taiwan Semiconductor Manufacturing Co. to manufacture the next two generations of Apple processors. The deal has been viewed as a significant blow to Samsung, which was contracted to produce the A4 and A5 chips used to power Apple’s iOS devices.

Apple is slated to be Samsung’s largest customer this year with a projected US$7.8 billion in parts, up from US$5.7 billion in 2010. The company has become the world’s largest consumer of memory chips in recent years as it incorporated flash storage into its products.

In 2005, Apple revealed that it had reached agreements with several flash suppliers, including Samsung, to pre-pay more than US$1 billion to guarantee flash shipments through 2010. Earlier this year, then COO Tim Cook called the deal a “fantastic use of Apple’s cash.”

For its part, Samsung currently boasts a more than 40 percent share of the worldwide DRAM market and a 30 percent share of NAND flash production.

The disagreement between the two companies has heightened in recent months. According to Samsung executives speaking on condition of anonymity, the company is already planning to target the as-yet-unannounced iPhone 5 with patent infringement suits when it arrives in Korea. Another recent report said Samsung will also pursue legal action against Apple’s next-generation handset in Europe.

Recent gains made by Apple in Australia have prompted Samsung to fight back with a countersuit against the iPhone and iPad. Apple also won a permanent ban on the Galaxy Tab 10.1 in Germany earlier this month after a court ruled that Samsung’s tablet looks too similar to the iPad 2.

Stay tuned for additional details as they become available.

Analyst: Apple unlikely to purchase Barnes & Noble retail chain

Posted by:
Date: Friday, July 29th, 2011, 06:44
Category: Finance, Rumor

With the recent closing of Borders, the rumor mill’s been in full force with regard to competitor Barnes and Noble.

Responding to a new rumor that Apple is considering a purchase of bookseller Barnes & Noble, one Wall Street analyst has said he doesn’t think such a deal would make much sense for the iPhone maker.

According to AppleInsider, Brian Marshall with Gleacher & Company said in a note to investors on Thursday that he doesn’t think Barnes & Noble is a likely acquisition target for Apple and its US$76 billion cash hoard.

In fact, if Apple’s sole goal was to obtain brick-and-mortar locations, the company would have been better suited to purchase another bookseller, Borders, which has about 400 stores in liquidation.

Marshall said that Barnes & Noble’s real estate footprint is “impressive,” with more than 700 stores totaling 18.4 million square feet of space from an average store footprint of 26,000 square feet. But he also says a potential US$1.5 billion vestment would not be a wise use of Apple’s money.

Apple is currently making an aggressive push in the retail space, and plans to add 30 stores in the September 2011 quarter. Most of Apple’s planned expansion, though, is set to take place internationally, and the vast majority of Barnes & Noble’s retail space is in the U.S.

“We would much prefer to see AAPL use cash for strategic purposes and balance sheet optimization (e.g., acquisition of content rights, dividend initiation, share repurchases, etc.),” Marshall wrote.

The analysis came in response to a story published earlier on Thursday, in which an “unproven source” claimed to have knowledge of negotiations between Apple and Barnes & Noble.

Stay tuned for additional details as they become available.

Apple posts $7.31 billion profit for third quarter

Posted by:
Date: Tuesday, July 19th, 2011, 13:44
Category: Finance, News

applelogo_silver

A combination of record iPhone and iPad sales combined with continued growth of its Mac business pushed Apple to reported sales of US$28.57 billion and net profit of US$7.31 billion for the three-month period ended June 25, 2011.

Per Macworld, the sales and profit figures—both quarterly records—increased last year’s third-quarter performance by 82 percent and 125 percent, respectively. Apple reported earnings of US$7.79 per share, which beat analyst estimates of $5.85. Analysts had also been looking for Apple to reach US$24.92 billion in sales for the quarter—a figure the company topped by nearly US$4 billion.

“We are extremely pleased with the momentum of our business,” chief financial officer Peter Oppenheimer told analysts during a conference call to discuss the earnings report on Tuesday. Oppenheimer noted that during its 2011 fiscal year, Apple has recorded US$35 billion in year-over-year revenue growth and US$9.5 billion in year-over-year earnings growth—increases of 78 percent and 99 percent, respectively.

Apple says it sold 20.34 million iPhones during the just-completed quarter, a 142 percent increase from the phones it sold during the same period last year. That’s also the most phones Apple has ever sold during a quarter, topping the 18.65 million mark set just three months ago.

The iPhone racked up strong sales despite Apple skipping its customary summer introduction of a new model, after releasing the iPhone 4 in the summer of 2010 and the iPhone 3GS the summer before that. The last new iPhone released by Apple was a CDMA version of the smartphone compatible with Verizon’s wireless network; that model came out in February. The long-awaited white version of the iPhone also shipped in April.

Apple sold 9.25 million iPads during the third quarter, the first full quarter of sales for the iPad 2, which arrived in March. Apple says its iPad sales topped last year’s figures by 183 percent. It also set a new record for quarterly iPad sales, besting the previous mark of 7.3 million during the 2010 holiday shopping season.

Mac sales rose 14 percent from last year, with Apple selling 3.95 million computers. That’s a record for the third quarter, Oppenheimer said. Growth of Mac sales also outpaced market-research firm IDC’s forecasted PC market growth by more than four times, Apple pointed out.

The quarter saw Apple introduce new iMacs with quad-core processors, improved graphics, and Thunderbolt connectivity. All told, Apple sold 1.15 million desktops, accounting for about 30 percent of the Macs sold during the quater. The company sold 2.79 million portable Macs during the quarter, with the MacBook Pro and MacBook Air driving those sales, according to Oppenheimer.

iPod sales continued to decline from the heights of previous years. Apple says it sold 7.54 million iPods, a 20 percent drop from last year, though Oppenheimer said that was above the company’s expectations. The iPod touch accounts for about half of all iPods sold, according to Apple’s figures.

Stay tuned for additional details as they become available.

Apple reports $24.67 billion in revenue, $5.99 billion profit for second quarter

Posted by:
Date: Wednesday, April 20th, 2011, 15:05
Category: Finance, News

applelogo_silver

As irked as you may be with Apple from time to time, there’s no doubting this: the company makes a profit and is around for the long haul.

Per Macworld, Apple announced the results of its second fiscal quarter, citing sales of US$24.67 billion and a net profit of US$5.99 billion, according to figures announced by the company Wednesday.

The company’s quarterly revenue, a record figure for the second quarter, beat year-ago sales by 83%. Profits also set a record for the quarter, and improved 95% over the US$3.07 billion in profit the company tallied in the 2010 second quarter.

Apple earned US$6.40 per share, beating last year’s second-quarter earnings of US$3.33 per share by 92%. Apple’s performance also blew away analyst estimates. Analysts were looking for the company to report US$23.34 billion in revenue and earnings of US$5.36 per share for the quarter.

During the conference call, Apple stated that it had sold 18.65 million iPhones during the quarter, which ended March 26. This figure represents an increase of 113% from the 8.75 million phones Apple sold over the same period last year. The company recorded recognized revenue of US$12.3 billion in the just-completed quarter, an increase of 126%.

All told, Apple ended its fiscal second quarter with the iPhone available in 90 countries through 186 carriers, compared to 185 carriers in 90 countries at the end of the first quarter; Apple Chief Financial Office Peter Oppenheimer noted that there had been some carrier contraction during the last three months that offset the addition of new partners such as Verizon in the U.S., SK Telecom in South Korea, and Saudi Telecom in Saudi Arabia.

Apple sold 3.76 million Macs during the second quarter, an increase of 28% over the 2.9 million Macs sold during the year-ago period. That set a record for Mac sales during the March quarter, Oppenheimer said. In particular, Mac sales compared favorably with the overall PC market, which contracted at a rate of 3% during the quarter, according to figures from IDC. That marks the twentieth consecutive quarter that Apple has outgrown the PC market, although sales numbers were below those posted by Apple for the last two quarters.

Notebooks continue to be the big driver for Mac sales, with the 2.7 million portables making up 73% of the Macs sold during the quarter. In addition to the February revamp of the MacBook Pro line, Apple also reaped the benefits of last year’s MacBook Air updates. The 1 million desktops sold were only more than during one of the last five quarters.

Apple also made notable gains internationally with Macs, seeing 76% growth in the Asia Pacific region on a year-over-year basis.

The iPad 2 shipped at the end of the quarter, on March 11 in the U.S. and on March 25 in 25 additional countries, which helped spur sales of Apple’s tablet. All told, Apple sold 4.69 million iPads during the quarter, though it didn’t break down those sales between the iPad 2 and the original model. In total, Apple has sold 19.48 million iPads since the product was released in April 2010.

Unfortunately, iPod sales continued their decline, though Apple says that the product line’s performance was ahead of expectations. The company sold 9.02 million iPods during the quarter, a drop of 17% from last year’s second-quarter figures. More than half of the iPods sold during the quarter were the iPod touch, according to Apple’s figures.

Despite that decline, Oppenheimer said that the total iPod sales were ahead of Apple’s expectation, and that the iPod remains the top-selling MP3 player in most of the countries where that data is tracked, and continues to hold onto its market-leading position in the U.S.

Apple found a silver lining in the performance of its iTunes online business, however. That segment tallied US$1.1 billion in revenues, its best quarter ever, according to Oppenheimer.

With Apple’s brick-and-mortar retail outlets approaching their 10th anniversary next month, Oppenheimer noted that the retail chains should see their 1 billionth visitor in a matter of days. During the second quarter, 71.1 million people visited the app store, up from 47 million visitors in the 2010 second quarter.

Revenue from the retail stores grew 90% to US$3.19 billion. Apple says it sold 797,000 Macs through its retail outlets, an increase of 32% from last year. About half of the Macs sold at the Apple Store were to newly minted Mac users.

Apple still plans to open 40 new stores during the 2011 fiscal year, with two-thirds of those outlets opening outside of the U.S. That includes a fifth Apple Store in China.

For the third quarter ending in June, Apple expects revenue of about US$23 billion and earnings per share of US$5.03. That compares to US$15.7 billion in revenue and earnings of US$3.51 a share for the third quarter of 2010. Prior to Wednesday’s call, analysts were looking for sales of US$23.8 billion and earnings of US$5.25 per share for the June quarter.

Apple posts $6 billion profit in Q1 earnings call

Posted by:
Date: Tuesday, January 18th, 2011, 14:56
Category: Finance, News

applelogo_silver

Apple Inc. announced Tuesday that first quarter profits rose more than 77% to US$6 billion, or US$6.43 per diluted share, driven by record sales in three of its four major product categories, thereby beating analysts’ predicted earnings in the process.

Per AppleInsider, the company also posted record revenue of US$26.74 billion for the three-month period ended December 25, 2010, or more than US$2 billion above consensus estimates. The results compare to revenue of US$15.68 billion and net quarterly profit of US$3.38 billion, or US$3.67 per diluted share, in the year-ago quarter.

Apple sold 4.13 million Macs during the quarter, a 23% unit increase over the year-ago quarter. The company also sold 16.24 million iPhones in the quarter, representing 86% unit growth over the year-ago quarter. iPod sales during the quarter totaled 19.45 million, representing a seven percent unit decline from the year-ago quarter, while iPad sales came in at 7.33 million units.

“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Apple Chief Executive Steve Jobs. “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.”

Gross margin was 38.5% compared to 40.9% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.

“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 US$22 billion and we expect diluted earnings per share of about US$4.90.”

Stay tuned for additional details as they become available.