Apple Posts Q3 2012 Financial Results: $35 Billion Revenue, 26 Million iPhones, 17 Million iPads, 4 Million Macs
Apple just released the numbers for its 2012 third quarter earnings. The company made $35.0 billion in revenue and a quarterly net profit of $8.8 billion, up from revenue of $28.6 billion and a net profit of $7.3 billion this time last year. Apple sold 26 million iPhones, 17 million iPads, 6.8 million iPods, and 4 million Macs in Q3. A cash dividend of $2.65 per share for investors has been announced and will be payed out on August 16th, 2012.
Apple CEO Tim Cook also just announced that OS X Mountain Lion will ship to customers tomorrow.
CUPERTINO, Calif. Apple today announced financial results for its fiscal 2012 third quarter ended June 30, 2012. The Company posted quarterly revenue of $35.0 billion and quarterly net profit of $8.8 billion, or $9.32 per diluted share. These results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today”
The Company sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter. Apple sold 17.0 million iPads during the quarter, an 84 percent unit increase over the year-ago quarter. The Company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. Apple sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter.
Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the Company’s common stock. The dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.
“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”
“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”
Wall Street analysts had divided expectations for Apple’s Q3 results leading up to this announcement. Apple’s revenue fell short of the more conservative $37 billion estimation and the company’s own revenue earnings of $39.2 billion in Q2 of 2012.
Apple’s earnings call with CEO Tim Cook and CFO Peter Oppenheimer is about to kick off, so stay tuned to Cult of Mac for more coverage.
During the past three months, Apple made $97,777,777 in profit every day.
— dustin curtis (@dcurtis) July 24, 2012
- Source Apple