Apple has once again reported record profits for Q2 2012, earning $39.2 billion for a quarterly net profit of $11.6 billion. iPhone sales held strong with 35.1 million iPhones sold and 11.8 million iPads, and iPod limping along with 7.7 million iPods. 4 million Macs rounded out the major product lines.
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”
“Our record March quarter results drove $14 billion in cash flow from operations,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”
In other words, Apple continues to rake in almost all the money. Here's the full release.
Apple Reports Second Quarter Results
Record March Quarter Sales of iPhones, iPads and Macs
Net Profit Increases 94% Year-over-Year
CUPERTINO, California—April 24, 2012—Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. Gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.
The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”
“Our record March quarter results drove $14 billion in cash flow from operations,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”
Apple will provide live streaming of its Q2 2012 financial results conference call beginning at 2:00 p.m. PDT on April 24, 2012 at www.apple.com/quicktime/qtv/earningsq212. This webcast will also be available for replay for approximately two weeks thereafter.
Apple's 'Spring Loaded' event had something for everyone
Apple's Spring Loaded event had a ton of announcements. Some made me really excited, some made me scratch my head, and some made me shrug my shoulders. Here's my reaction to all the new products and services!
Apple supplier hit by $50 million ransomware attack, MacBook designs leaked
Apple supplier Quanta has reportedly been hit by a ransomware attack, with a hacking group demanding $50 million and posting MacBook schematics online.
Carriers offering 5G iPad Pro subsidies up to $200
Apple has stated that carriers will offer buyers subsidies of up to $200 toward the purchase of an iPad Pro with 5G through certain carriers.
Which color Nintendo Switch Lite fits you best?
Choosing between three Switch Lite colors beckons the question: "Which one should I get?" We break down the differences to help you reach the best decision.