Apple Reports First Quarter Results, Highest Earnings Ever  – [PRESS RELEASE]

Apple Reports First Quarter Results, Highest Earnings Ever – [PRESS RELEASE]


As expected, Apple has tonight held its fiscal Q1, 2012 earnings call and with it has also announced revenue earned during its last quarter. According to the press release just issued by the company, Apple announced is highest-ever earnings with record quarterly revenue of $46.33 Billion, achieving a net profit of $13.06 Billion and reflecting $13.87 per diluted share.

This compares to the year-ago quarter, which saw Apple earn $26.74 Billion in revenue, generating $6 Billion in net quarterly profit on $6.43 per diluted share.

Breaking down those numbers into actual product sales, Apple announced it had sold 37.04 Million iPhones in the quarter, representing a 128 percent unit growth over the year-ago quarter. Apple also announced it had sold 15.43 Million iPads during the quarter, which reflects a 111 percent unit increase over the year-ago quarter.

Regarding sales of the Mac in the 14-week period, Apple announced it had sold 5.2 Million units, reflecting a 26 percent unit increase over the year-ago quarter. iPod sales reflected 15.4 Million, which arrives as a 21 percent unit decline compared to the year-ago quarter.

Press release embedded below.

Press Release

Highest Quarterly Revenue and Earnings Ever
All-Time Record iPhone, iPad and Mac Sales

CUPERTINO, California—January 24, 2012—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.”

[via Apple]