Apple Posts Q1 Earnings Results, Soar to Record

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Just 48 hours ahead of Apple’s event where the company is expected to debut the long rumored tablet or what we think it’s this year’s most awaited gadget, we caught wind that Steve Jobs has officially released the company’s Q1 financial results, and by the looks of it, both profits and revenues are at an all-time record high.

For a year that we heard the terms “financial crisis” in every sentence, be it about green commuting or grocery shopping, Apple have managed to post $15.68 billion revenue and a net quarterly profit of $3.38 billion, or $3.67 per diluted share, for its fiscal Q1 2010 that ended on Dec 26, 2009. That’s significantly higher compared to last year, when AAPL “only” scored a revenue of $11.88 billion and net quarterly profit of $2.26 billion, or $2.50 per diluted share.

Despite the fact that iPod sales have dropped by 8% over the year-ago quarter to 21 million units (true, the iPod Touch did increase by 55%), the amazing growth was led by doubled iPhone sales (8.7 units iPhone sold) and a 33% increase in Mac computers sales that accounted for 3.36 million machines finding their way to customers around the world.

“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company,” said Steve Jobs, Apple’s CEO. “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.”

Although we’re not really Wall Street experts, if our high expectations prove to be founded this Wednesday (Apple’s Event on Jan 27) it sure sounds like a buy signal for us.

Sterling job, Apple!