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Apple revenue grows by 71% in Q1 2011

With or without Steve Jobs, who is currently on medical leave, there seems to be no stopping Apple. The company reporting a very good first quarter in terms of revenue and earnings. And so, prior to the official live conference call on its Q1 2011 earnings report, Apple issued an official earnings statement. For the first quarter of its fiscal 2011, which ended last December 25, 2010, Apple posted a record revenue of $26.74 billion and record net quarterly profit of $6 billion. This puts the value of of Apple’s stocks per diluted share to $6.54.

The App Store; a great business so far

Since the launch of the App Store from Apple, developers of the iPhone have seen the great possibility for their apps to be released directly into the hands of thousands—or even millions—of users throughout the world.

Jump past the break to hear about a couple of early success stories.