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Tuesday January 24, 2012 2:07 pm
Apple posts record-breaking holiday quarter results with $13 billion in sales
This afternoon, Apple announced that it has posted a record-breaking holiday quarter for fiscal Q1 2012, led by massive sales of iPhone, iPad, and Mac computers. In a nutshell, the company made a ton of cash, selling over 37 million iPhones, 15,430,000 iPads, 5,200,000 Macs, and 15,400,000 iPods. Full release after the jump.
Highest Quarterly Revenue and Earnings Ever
All-Time Record iPhone, iPad and Mac Sales
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.
“Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
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.”
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