“Apple reported its financial results for Q1 2010 which ended December 26, 2009 and the results were nothing short of impressive. Apple posted its all time highest quarterly revenue, its all time highest quarterly profit and when annualized, these numbers will push Apple into a $50+ billion per year company. Dollar figures that are impressive they don’t require an explanation, so we will let the numbers speak for themselves:
-Revenue of $15.68 billion ($11.88 billion in Q1 2009);
-58% of revenue derived from international sales;
-Net quarterly profit of $3.38 billion or $3.67 per diluted share ($2.26 billion, or $2.50 per diluted share in Q1 2009);
-Gross margin of 40.9 percent (37.9 % in Q1 2009);
-$5.8 billion generated in cash;”
Now, I’d rather believe those who say Apple can sell 8 millions Tablets during 2010.
