A day after Apple CEO Steve Jobs announced he would be taking a medical leave of absence, Apple posted stunning results for the first quarter of 2011.
Apple's revenue and profits both set new records for the company. Revenue reached $26.74 billion for the quarter that ended December 25, 2010 (a 71% increase over last year), and net quarterly profit hit a high of $6 billion.
Expected earnings help put the magnitude of those numbers in perspective: TechCrunch notes, "Well, coming off its best quarter ever in terms of revenue ($20.34 billion in Q4), Apple was projecting $23 billion in revenue for the quarter. The Street, meanwhile, recognizing that Apple always lowballs these numbers, thought revenue would be more like $24.38 billion. The actual number? $26.74 billion."
http://www.huffingtonpost.com/2011/01/18/apple-earnings-q1-2011_n_810623.html
