Cupertino Based Apple Inc has posted mind-boggling first quarter 2012 financial results. Apple announced $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. Apple sold 37.04 million iPhones – its flagship product – and 15.43 million iPad tablets. Analysts polled by FactSet Research Systems, on average, forecasted that the company would bring in $10.06 per share on revenue of $39 billion.
- $46.33 billion in revenue
- $13.06 billion net profit
- 37.04 million iPhones
- 15.43 million iPads
- 5.2 million Macs
- 15.4 million iPods
“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.”
- Revenue: $46.33 Billion Vs $38.76 billion expected
- EPS: $13.87 VS $10.07 expected
- iPhone units: 37.04 million VS 30.2 million expected
- iPad units: 15.4 million VS 13.2 million expected
- Mac units: 5.2 million VS 5 million expected
- iPod: 15.4 million VS 13.9 million expected
- Gross Margin: 44.7% VS 41.8% expected
- March quarter revenue: $32.5 billion VS $31.9 billion expected
- March quarter EPS: $8.50 VS $8.00 expected
- Apple now has $97 billion in cash, short term, and long term securities
- The iPhone’s average selling price is up to $660
CUPERTINO, Calif.–(BUSINESS WIRE)–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.”
