Apple Announces Record-Breaking Q1 2012 Financial Results: 37 Million iPhones And 15 Million iPads



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.

  • Vincent

    If only Apple would buy RIM, or start paying dividends.  Nice that they made a bunch of profits but what are they going to DO with them?   I hold a lot of AAPL right now, and am not thinking to remain here very long if Apple is just going to stay on the treadmill of new product releases in existing markets and piling up cash.

  • CGJack

    Why should Apple pay dividend? Sell your AAPL stock and you’ll get a nice profit.

    Dividends are for failing companies that aren’t growing. Like Microsoft.

  • Markiezy

    Seriously? You own a lot of apple and you are planning on leaving it? Shows just how much of a great investor you are. 

  • Montleewireless

    I agree with the RIM idea. I support smartphones and BlackBerry’s at a major Government contractor and it’s a dream job of mines supporting all the major smartphones every single day….but the security and encryption RIM has on their network gives it a leg up in terms of security and if Apple had that will solidify the iPhone and iPad to the ‘undisputed KING of the world without a doubt’ status!

  • Victor Postemski

    Don’t you mean Q4 2011 sales and not Q1 2012?  Q1 2012 doesn’t close for another 2 months.

  • nolavabo

    Apple uses their own financial calendar. This was indeed Q1 2012.

  • bd7349

    Apple’s Q1 is October 1st – December 31st. They don’t mean actual calendar quarters, its Apple’s financial quarters. A lot of companies have their own financial quarters. 

  • Len Williams

    You don’t buy stocks for dividends. They’re a pittance, and the company’s profits should be invested back into R&D and promotion rather than trying to appease its stockholders with penny candy money. If you want to make money with your stocks, as any good investor will do, buy low and sell high. The problem is, of course, that Apple keeps on getting higher. I bought shares when Apple was at $14 and sold at $36. Little did I know that the company would explode like it did, even though I’ve been an Apple supporter and user since 1989. I made a profit on my purchase and I’m happy with that. I’d have rather made more, but the stock market is legalized gambling, and you takes your chances.

    Apple doesn’t need RIM. RIM has nothing to offer Apple in either manufacturing or technology. What would be the point of acquiring RIM? They’re yesterday’s technology and they haven’t been able to effectively move with the times.

  • Slurpy2k11

    Wow, incredible. You hold Apple stock.. which means you’ve made an absolute killing the last few years (or even months) and are probably going to make a killing tomorrow when the market opens. Instead of being thankful to Apple who’s making you rich, you’re sending threats? I dont think you’re in a position to do that, considering how well you’ve been doing with them. Just sell all your stock now then.