Apple Announces Whopping $6 Billion Profit, Record Growth (From billboard.biz)

 

By Glenn Peoples

News of Steve Jobs’ second medical leave of absence was balanced by a recordquarterly revenue and profit from Apple announced today.

The company posted revenue of $26.74 billion in the quarter ended December 31, 2010, up 71% and the highest in the company’s history. Profit was $6 billion, up 78%. Gross margin was 38.5%, down slightly from 40.9% in the same quarter in 2009.

 

Even though iTunes is a dominant digital music store and does strong business in apps, movies and television shows, it accounts for only about 4% of the company’s revenue and probably very little of its profits. The iTunes Store generated revenue over $1.1 billion in the quarter.

 

Apple posted impressed sales gains for three of its four main product categories with only the iPod dropping year over year. Here’s the breakdown:

 

— 19.45 million iPods, down 7% year over year and down 14% from the same period two years ago. iPod Touch sales grew 20% year over year and accounted for 50% of iPods sold in the quarter.

 

— 16.24 million iPhones, up 86% year over year.

 

— 7.33 million iPads, up from 3.27 million in Apple’s fiscal third quarter (the first quarter the iPad was available) and 4.19 million in its fiscal fourth quarter. The iPad had distribution in 46 countries by the end of the quarter.

 

— 4.13 million Macs, an all-time record and up 23% year over year. The company cited strong sales of the new Macbook Air.

 

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