Apple is Worth $50+ Billion, According to Steve Jobs; Financial Results Released

Apple has just announced its first quarter financial results, one day ahead of the big tablet unveiling. The company’s current state sums up to what CEO Steve Jobs said: “If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company.”

Jobs also mentioned that the new products that will be released in 2010 are particularly strong, emphasizing the importance of the device launched tomorrow. We found out that Apple sold 3.36 million Macintosh computers, a 33% increase when compared to the previous year.

As far as the iPhones are concerned, the Cupertino giant sold 8.7 million units, a 100% increase year over year and 1.3 million units more than in Q4. Also, the gross profit margin rose 3 percentage points (year over year), to 40.9% but more info will be coming throughout the day, regarding the company’s performance.

[via mashable]

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Tags: Apple financial results, Cupertino, gross profit margin, quarterly results, Steve Jobs