Tuesday, January 24, 2012, 01:42 pm PT (04:42 pm ET)
Apple earns record $13B on sales of 37M iPhones, 15M iPads and 5.2M MacsApple announced Tuesday the best quarter in its corporate history where earnings rose more than 117% to $13.06 billion, or $13.87 per diluted share, on record quarterly revenue of $46.33 billion.
The 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 quarters revenue.
We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter, said Peter Oppenheimer, Apples 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.
Apple sold an all-time high 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter, in addition to a record 15.43 million iPads — a 111 percent unit increase.
The Cupertino-based company also sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter, and another record benchmark. Meanwhile, iPod sales came in at 15.4 million units, a 21 percent unit decline.
Were thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs, said Tim Cook, Apples CEO. Apples momentum is incredibly strong, and we have some amazing new products in the pipeline.
Apple will provide live streaming of its Q1 2012 financial results conference call beginning at 2:00 p.m. PST. AppleInsider will provide full coverage.
On Topic: Investor
- Shares of Apple reach highest-ever closing price as 'iPhone 6' & 'iWatch' hype builds
- Shares of Apple hit $100 as Morgan Stanley provides strong endorsement to investors
- Apple's gross margins likely to decline this fall with new product designs, but quick rebound expected
- Shares of Apple, Inc. near ex-dividend as it gears up to distribute $2.9 billion to shareholders
- UBS praises Apple CEO Tim Cook for thinking 'big,' pushing for iOS to become ubiquitous