Apple posts record quarter

Sales of iPhones, Macs and iPads are all soaring as vendor's star continues to rise

Apple has posted a record net quarterly profit for the first quarter of FY 2011.

The firm's Q1 revenue stood at $26.7bn, with quarterly net profit of $6bn, compared with $15.8bn revenue and quarterly net profit of $3.38bn in 2010.

International sales accounted for 62 per cent of the revenue, with the firm selling a total of 4.13 million Macs (up 23 per cent), 16.24 million iPhones (up a whopping 86 per cent) and 19.45 million iPods (a seven per cent drop on the previous year). iPad sales hit 7.33 million.

Chief executive Steve Jobs, who this week was granted medical leave from the vendor, said: "We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales. 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.”

Peter Oppenheimer, chief financial officer at Apple, added: “We couldn’t be happier with the performance of our business, generating $9.8bn in cash flow from operations during the December quarter. Looking ahead to Q2 2011, we expect revenue of about $22bn.”