Apple Announces Q212 Revenue of $39.2 Billion
- April 24th, 2012
- Apple Financials
- Alex Brooks
Apple today announced financial results for its second fiscal quarter of 2012 which ran from January 1 until March 31. The Company posted revenue of $39.2 billion and net quarterly profit of $11.6 billion, or $12.80 per diluted share. These results compare to revenue of $24.7 billion and net quarterly profit of $6 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.
During the quarter Apple also sold 4 million Macs representing a 7 percent unit increase over the year-ago quarter. Apple also sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter as well as 7.7 million iPods during the quarter, representing a 15 percent unit decline from the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over 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.”