Tuesday, January 24th 2012
Apple Reports Record First Quarter Results
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.
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."
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."
24 Comments on Apple Reports Record First Quarter Results
Will Apple actually be better off without him? Time will tell.
Dammit, I wrote this like I was writing a news story. :laugh:
I swear they somehow figured out how to get crack into their product's and out to the consumer!
You know you just aint "cool" if ya don't keep up with the joneses', follow the leader everyone and don't forget the complimentary koolaid ;)
Apple makes products people want. Maybe not you, but there are plenty of others that do. The numbers don't lie.
These specific people will place themselves out of pocket for a product which has the coolest image by the unwitting public.
I believe these numbers are indeed accurate and if apple take the concept of Steve then the legacy of Steve Jobs with Apple will continue to carry on for a long time.
It was because of Steve Jobs that Apple became fashionably cool regardless of whether it was over priced or not as functional as something much cheaper.
I know a number of females who have PC laptops who slapped an Apple sticker over the laptops logo in a feeble attempt to emulate the image of having a Macbook.
Facebook gives testament to that.
I'm talking about iPhones in comparison to a typical android based phone which does the same thing for a lot less.
Unlike paying more for a component because it actually performs better.
You cannot deny that the majority of their market is because of the marketing and the false thinking Macs never have problems. I also like how Mac users try to never admit their mac has a problem, but for a TINY thing, they'll say PCs are garbage and Macs are problem-free.
My only mac product, the old iPod 80Gb classic has served me faithfully for over 4 years and it is still going strong. Sure it crashes every now and then, and the battery life is not as good as before, but I have come to appreciate their build quality. Its not the best, but its a good cut above the average competitor, where build quality can be questionable even among "trusted brands" (HP and Dell, both of you can go to hell).
Edit: Oh, and Apple has been so good over the past few years with popularising novelties that they have effectively turned the entire tech community into their marketing machine, eagerly waiting for the next toy to be popularised and then pretending to be uninterested while waiting for some other "good" companies (like Google or Asus) to make a direct competitor.
Yea Apple is ahead of the curve, for example with the first with MBA type computer by far, and the first to have a decent resolution on a cell phone. They are above the average, but not above MY average. I can understand some of the appeal, but BY FAR the majority of the purchases is because of the perception it is simply and "problem-free" and "à la mode" . When you see those line ups and you talk to people, they thing the iPhone 4S is the fastest and has the best screen and is awesome because it's cool. Actually most think anything Apple is the best screen and the simplest. I know that in both Montreal and Toronto, the Middle Class and up buy Apple products for all the wrong reasons including the simple fact that it is "à la mode" and the majority buyers of anything like like that really. If you don't appeal to that crowd then you won't be as successful.
Yes some people do buy the for the right reasons and I respect that, but it is a TINY minority
While I surf the web on my shared connection.
Just picked up a Galaxy s2 "Hercules" a couple week's ago for $50!! Thing is incredible! I don't even know how to use 99% of it's feature's hahaha Only peeve i have with it is it doesn't support WMA audio file's native, gotta download an app :rolleyes: Hopefully "Ice cream sandwich" will make provision, waiting for my carrier to start providing the update's :toast: