Apple's First Quarter Earnings: The Unbelievable Numbers

Apple's First Quarter Earnings: The Unbelievable Numbers:

Todd Wasserman

Apple‘s blowout first quarter was notable for many reasons, not least of which was the company’s record revenues of $46.3 billion.

But the quarter was remarkable for several other reasons as well. Apple, which is known for keeping its affairs close to the vest, released a raft of information on Tuesday. Here are some of the highlights:

• Apple sold 37 million iPhones in the quarter, a 128% jump over the comparable quarter in 2010.
• iPad sales hit 15.4 million, a rise of 111%.
• Mac sales were 5.2 million, an increase of 26%.
• Apple sold 15.4 million iPods, a number which is down 21% as the iPhone cannibalizes sales of more limited-function devices.
• Apple now has $97.6 billion in cash on hand.
• Revenues from iTunes hit $1.7 billion. More than 140 million apps and pieces of content were downloaded on Dec. 25.
• There are 1.5 million iPads being used by educational institutions.
• iCloud has 85 million users. There are now 550,000 apps available. Developers of such apps have earned more than $4 billion, $700 million in Q1.
• Apple Stores produced $6.1 billion in revenues for the quarter. The average revenue per store was $17.1 million vs. $12 million last year. There are about 22,000 visitors per store per week.
• Apple’s revenues for the quarter were higher than the company’s revenues for its entire fiscal 2009.

Image courtesy of Flickr, nechbi