Apple Reports First Quarter Results

Posted In Apple - By Solomon Watts On Tuesday, January 24th, 2012 With 2 Comments

Apple announced their financial results for its first quarter of 2012, spanning 14 weeks.  Apple posted record-breaking revenue of $46.33 billion, and a record-breaking net profit of $13.06 billion ($13.87 per diluted share). This blows the $6 billion record from last year’s quarter. Gross margin was 44.7%, and International sales accounted for 58% of the quarter’s revenue.

Apple reported to have  sold

  • 37.04 million iPhones in the quarter (up 128% from last year’s quarter)
  • 15.43 million iPads (up 111% from last year’s quarter)
  •  5.2 million Macs (up 26% from last year’s quarter)
  • 15.4 million iPods (up 21% from last year’s quarter)

All within 14 weeks.

We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline

-Tim Cook, CEO of Apple

We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter, 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

-Peter Oppenheimer, CFO of Apple

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