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Apple’s quarter: $46 billion in sales sets tech record!

Apple reported a SPECTACULAR quarter, with sales of $46.3 billion, a new record in the tech industry, and UP 73% from a year ago! The Wall Street analyst forecast of $38.9 billion faded into insignificance. What do analysts know? 😉

Last quarter, Apple sold 37 million iPhones (twice that of last year’s quarter) and ALSO DOUBLED the number of iPads sold, as compared with last year’s quarter, to a record 15.4 million. Unsurprisingly, at least to me, Apple also sold 5.2 million Macs, the first time that the company sold more than 5 million in one quarter! Also, 15.4 million iPods were sold during the holiday quarter, which ended December 31. Those sales make for $127,8 billion in sales during the 2011 calendar year. Apple is in a “dead heat” with Hewlett Packard, the largest tech company in the U.S. and is on track to beat Samsung :-) to be the number 1 tech company in the world, by revenue!

Apple said that its first quarter profit increased to $13 billion ($13.87/share), more than DOUBLE its profit of a year ago. Apple is sitting on most of those profits, :-( and now has $97.6 billion in cash. I know. “Cash is King.” But you can do a lot of GOOD with even a tiny piece of $97.6 billion…. My next question? How much of that $97.6 billion is stored in the United States?

Apple’s quarterly profit is second in history ONLY to that of Exxon in the fall of 2008. Personally, I FEEL better about Apple’s! 😉

The iPhone sales alone were $24.4 billion during the quarter. An amazing graph of iPhone unit sales is here.

Apple has sold 315 million devices that run the iOS operating system. Some 85 million customers have signed up for iCloud.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” Cook said in a prepared statement. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

There is no doubt in my mind!

(A friend and I stopped into the Apple “Company Store” in Cupertino last week, after a great lunch and reunion at the restaurant at Infinite Loop and De Anza. It brought back fond memories.)

-Bill at

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