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Apple’s Q2 2012: $11.6b In Profit, $39.2b In Revenue, 35.1m Iphones Sold - Business - Nairaland

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Apple’s Q2 2012: $11.6b In Profit, $39.2b In Revenue, 35.1m Iphones Sold by bokohalal1: 11:44pm On Apr 24, 2012
Apple has just posted their Q2 2012 financials, and revealed that over the last 14 weeks the company has pulled in $11.6 billion in profit on $39.2 billion in revenue, which breaks down to $12.30 per share. Analysts expected earnings of $10.02 per share on $36.81 billion in revenue.

Apple soundly exceeded the Q2 guidance they offered last quarter, as they forecasted earnings per share of $8.50 on $32.5 billion in revenues. For a bit of comparison, those figures are up substantially year over year — in Q2 2011, Apple pulled in $6 billion in profit on $24.7 billion in revenues.

The company also reports that they have sold 35.1 million iPhones this past quarter, up 88% year-over-year and beating most analysts expectations of devices sold. However, iPhone sales dipped 5.5% from last quarter. A total of 11.8 million iPads, 4 million Macs and 7.7 million iPods were also sold last quarter.

According to a poll of analysts conducted by CNNMoney, professional analysts expected the company to report just shy of 31 million iPhones sold, compared to the relatively high 37.25 million units sold as foretold by independent analysts.

There’s plenty more Apple coverage where this came from — for more, take a look at our liveblog of Apple’s earnings call.

The full release has been reproduced below:

CUPERTINO, Calif.–(BUSINESS WIRE)–
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.
Link= http://techcrunch.com/2012/04/24/apples-q2-2012-13-06b-in-profit-39-2b-in-revenue-35-1m-iphones-sold/

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