Apple Announces Record Quarterly Revenue of $46.33 Billion
Apple today announced financial results for its first fiscal quarter of 2012 which ran from September 25 until December 31. The Company posted revenue of $46.33 billion and net quarterly 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 $* 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.
During the quarter Apple also sold 5.2 million Macs representing a 26 percent unit increase over the year-ago quarter. Apple also sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter as well as 15.4 million iPods during the quarter, representing a 21 percent unit decline from the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over 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.”