Apple Delivers Revenue of $35bn During Q312
- July 24th, 2012
- Apple Financials
- Alex Brooks
Apple today announced financial results for its third fiscal quarter of 2012 which ran from April 1 until June 30. The Company posted revenue of $35 billion and net quarterly profit of $8.8 billion, or $9.32 per diluted share. These results compare to revenue of $28.6 billion and net quarterly profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
During the quarter Apple also sold 4 million Macs representing a 2 percent unit increase over the year-ago quarter. Apple also sold 26 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter as well as 6.8 million iPods during the quarter, representing a 10 percent unit decline from the year-ago quarter. Apple sold 17 million iPads during the quarter, a 84 percent unit increase over the year-ago quarter.
At the end of the quarter Apple held cash and equivalents to the value of $117.2 billion.
“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”
“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”