Apple has announced its earnings for the first fiscal quarter of 2012. The Cupertino company is pleased to report record-breaking earnings this time around, with $46.33 billion in revenue and a net profit of $13.06 billion. Last quarter Apple reported $28.27 billion in revenue and a net profit of $6.62 billion.
37 million iPhones and 15 million iPads were sold in the first fiscal quarter of 2012, making this quarter Apple’s most successful one ever. Apple also saw Mac sales climb to 5.2 million. The only decline in sales was the iPod, which declined 21% year-over-year to 15.4 million units sold.
Apple today announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue. “We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter”
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”
Needless to say, Apple blew past Wall Street’s predications for this last quarter’s earnings. The general consensus among industry analysts was that Apple would report $39.23 billion in revenue and 30 million iPhones sold.
For more specific numbers from today’s earnings call, see our roundup.Related