iPhone News

Apple turns in record Q1: $6b profit on $26.7b revenue, 16.2m iPhones sold

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Apple’s announcement of Steve Jobs’ medical leave just one day before releasing its Q1 financial results struck us as well-planned yesterday, and here we are: if Cupertino’s record $6 billion profit on a record $26.7 billion in revenue isn’t enough to turn that frown — and stock slide — upside down, well, nothing else will. iPhone 4 sales were predictably strong through the holidays, clocking in at a record 16.2m units, or up 86 percent from last year, while Mac sales went up 23 percent to a record 4.13m and iPod sales were stronger than expected at 19.45m, a seven percent decline. As for the iPad, Apple’s tablet had its second straight dominant quarter, with record sales of 7.33 million — some 3 million more than the Mac. Apple’s financial call with new acting CEO Tim Cook and CFO Peter Oppenheimer is scheduled to start at 5PM EST — check after the break for our usual liveblog while you’re listening live on Apple’s site.