Apple has reported record sales of Macs, the iPhone and the iPad in fiscal Q1 2011.

There was an 86 percent growth in iPhone sales in Q1 2011 compared to Q2010, with 16.24 million units shifted and 7.33 million iPads were sold. This news comes after IDC reported this week that iPad sales worldwide accounted for nearly 90 percent of the media tablet sector.

There were 4.13 million Macs sold in the three months until 25 December 2010, up 23 percent on the same period the year before.

Apple FY11 First Quarter Results - Live Feed

The company posted record revenue of $26.74bn and record net quarterly profit of $6bn. This compares to revenue of $15.68bn and net quarterly profit of $3.38bn in Q1 2010.

"We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales," said Steve Jobs, Apple's CEO. "We are firing on all cylinders and we've got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can't wait to get their hands on."

"We couldn't be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90."

Chief operating officer Tim Cook will doubtless be pleased to have such impressive results to announce at the beginning of his third tenure in the Apple hotseat, though the news is somewhat tempered by concerns over the health of Steve Jobs.