Apple Releases Q2 2012 Financial Results: Revenue of $39.2 billion and 35.1 million iPhones sold
Apple has announced their financial results for Q2 of 2012 and the numbers are staggering once again. During this fiscal quarter, Apple posted revenue of $39.2 billion, and a net profit of $11.6 billion. The hardware sold in quarter are as follows:
- 35.1 million iPhones (88% increase compared to previous year)
- 11.8 million iPads (151% increase)
- 4 million Macs (7% increase)
- 7.7 million iPods (15% decrease)
Not surprisingly, the two products that are driving record breaking sales for Apple continue to be the iPhone and the iPad. As for the third fiscal quarter, Apple’s CFO Peter Oppenheimer expects revenue to drop slightly, with a forecast of about $34 billion. You can now listen to the entire live stream of the financial results conference call on Apple’s website. Full PR after the break.
CUPERTINO, California—April 24, 2012—Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 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.
The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from 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.”
Apple will provide live streaming of its Q2 2012 financial results conference call beginning at 2:00 p.m. PDT on April 24, 2012 at www.apple.com/quicktime/qtv/earningsq212. This webcast will also be available for replay for approximately two weeks thereafter.