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Apple Share price – Apple Earnings Set New Record: Revenue Hits $26 BILLION. 

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.

Apple slipped 2.3% a day after announcing Steve Jobs will take another medical leave and ahead of its latest quarterly earnings release.
 

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.

Whatever ground Apple shares lost on news that CEO Steve Jobs is taking another medical leave will likely be quickly regained given the leviathan financials the company just posted.

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Apple sold 4.13 million Macs during the quarter, a 23 percent unit increase over the year-ago quarter. The Company sold 16.24 million iPhones in the quarter, representing 86 percent unit growth over the year-ago quarter. Apple sold 19.45 million iPods during the quarter, representing a seven percent unit decline from the year-ago quarter. The Company also sold 7.33 million iPads during the quarter. >

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