Apple's Q1 results

So much for Apple is going down. Apple is dead with a sick Steve Jobs. Apple isn't selling because of bad economy. Apple sucks. Apple is doomed. Apple is dying along with Steve Jobs. Apple needs to offer NetBooks. Apple needs to cut prices by at least half. AND ALL THAT JUNK THAT WE ALL READ in the past 6 months and we will continue to read in the years ahead.

However, reality is a bitch as they say. To Apple naysayers of course ;)

Apple’s profits in the three months that ended Dec. 27 was $1.6 billion, or $1.78 per share, on sales of $10.2 billion. Net income was flat but earnings per share edged up 1.1% from $1.76 last year on sales of $9.6 billion. The figures far outstripped Wall Street’s estimates for earnings of just $1.3 billion, or $1.39 per share, on sales of $9.7 billion.

Read the rest here.

"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history—surpassing $10 billion in quarterly revenue for the first time ever,” said Steve Jobs, Apple’s CEO.

Straight from Apple here.