Tuesday, April 24th 2012

Apple Reports Second Quarter Results

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.
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4 Comments on Apple Reports Second Quarter Results

#1
magibeg
The monster grows....
Posted on Reply
#2
phanbuey
Mac sales are surprisingly strong, considering this quarter a year ago was when they were reaping the benefits of the new sandybridge macs.

I thought for sure that with no Ivy bridge, a lame duck macbook pro line, the airs with slow old gen SSDs and the Vista-like Lion OS they would have for sure declined. Guess not.
Posted on Reply
#3
NC37
"...you're going to see a lot more of the kind of innovation that only Apple can deliver."

Oh so then that means Apple is gonna go back to innovating like they did a decade ago? Or just do modern Apple style innovation...let someone else make it, then slap an Apple logo on it and make it a success.
Posted on Reply
#4
FordGT90Concept
"I go fast!1!11!1!"
It's official: Apple has possessed the sheeple.


by: phanbuey
Mac sales are surprisingly strong, considering this quarter a year ago was when they were reaping the benefits of the new sandybridge macs.

I thought for sure that with no Ivy bridge, a lame duck macbook pro line, the airs with slow old gen SSDs and the Vista-like Lion OS they would have for sure declined. Guess not.
It's the logo that sells, not the product. Ask any Mac owner off the top of their head what is in their computer. The majority won't know nor care. Can't say I really blame them though. For example, I can't tell you what manufacturer made the motor in my cloth washer.
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