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Apple Q1 Profits Soar

APPLE'S PIECE OF THE PIE: Apple announced record revenue of $26.74 billion and net quarterly profit of $6 billion for the first quarter of 2011 ending Dec. 25, 2010. These results compare favorably to revenue of $15.68 billion and net quarterly profit of $3.38 billion, in the year-ago quarter. Gross margin was 38.5% compared to 40.9% last year. International sales accounted for 62% of the quarter’s revenue. Apple sold 4.13 Macs during the quarter, a 23% increase, 16.24 iPhones, representing 86% unit growth, 19.45 million iPods, a 7% decline, and 7.33 million iPads during the quarter. Now if only Steve Jobs gets well. (1/18p)

STRINGER ON "THE ISSUES AND ACTIONS NEEDED"
Sony Music is all in. (5/31a)
"REAL AND CONSTRUCTIVE CHANGE": SIR LUCIAN SPEAKS OUT
UMG is all in. (5/31a)
RAPINO: SUPPORTING BLACK CULTURE, ANTI-RACISM
Live Nation is all in. (5/30a)
WMG ON COPING WITH THE MOMENT
Warner Music is all in. (5/30a)
ARTISTS MAKE THEIR VOICES HEARD
The stars are coming out. (5/31a)
SHORT WEEK
Enjoy being even more confused by the calendar.
BLACK MUSIC MONTH
Celebrating the music that fuels the biz.
INSTACART
Dammit, we said DILL pickles!.
TRUMP SAID WHAT, NOW?
Just wondering if you still give a fuck.
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