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Appleâ€™s net profit makes $ 6 bln

19 January 2011 10:12 (UTC +04:00)

Baku - APA-Economics. Apple on Tuesday reported record revenue for the first quarter, reaching US$26.74 billion, driven by sales in iPhones, Macs and iPads, PC World reported.

Revenue was up 71 percent. Net profit was up 78 percent to $6 billion, or $6.43 per diluted share.

The company sold 4.13 million Macs during the quarter, up 23 percent over the same period last year. IPhone sales continue at a healthy clip, improving by 86 percent over last year to 16.24 million sold in the quarter.

Apple also sold 7.33 million iPads during the quarter.

In a statement, CEO Steve Jobs called the holiday quarter "phenomenal," with record Mac, iPhone and iPad sales.

The tablet market has belonged to Apple, but that could be set to change as new tablets running the Android OS hit the market. According to IDC, Apple had an 87.4 percent share of the worldwide market in the third quarter, the most recent that IDC has accounted for. However, growth this year and beyond will come from devices based on Android and other OSes, IDC said.

The earnings report comes a day after Apple announced that CEO Steve Jobs is taking a medical leave of absence. The company did not say how long he’d be away or the specific reason for the leave.