Apple’s first-quarter 2010 earnings skyrocketed beyond all expectations and into their best quarter in company history.
The company is reporting a profit of $3.37 billion, which is a 50 percent increase from last year’s first-quarter profits of $2.26 billion. Revenue for first-quarter was $15.6 billion, a 32 percent increase from last year.
Apple CEO Steve Jobs stated “If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company. The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.”
It is that “new product” that Steve Jobs cleverly hinted at, that industry leaders are waiting to get a glimpse of at an Apple event this Wednesday. The new product is rumored to be the Apple tablet, which has been rumored for weeks now. Although Apple’s first-quarter numbers are very telling, it is going to be this Wednesday’s big reveal that will dictate the climate this year for Apple.
CNET
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