Apple has posted record revenue of $39.2 billion and net quarterly profit of $11.06 billion, or $12.30 per diluted share in Q2 2012, compared to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter, in the year-ago quarter.
Apple sold 35.1 million iPhones in the quarter, up 88 percent over the year-ago quarter.
Apple also sold 11.8 million iPads during the quarter, up 151 percent over the year-ago quarter.
Apple sold 4 million Macs during the quarter, up 7 percent over the year-ago quarter. Apple also sold 7.7 million iPods during the quarter, representing a 15 percent decline over the year-ago quarter.
Apple’s gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter.
Apple’s CEO, Tim Cook said:
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. 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.”
Apple had sold 37.04 million iPhones in Q1 2012, which was a holiday quarter, so 35.1 million iPhones in Q2 2012, which was a non-holiday quarter is even more impressive. It is also phenomenal that a company that posted revenue of $24.7 billion and net profit of $6.0 billion last year, has managed to increase revenues by 58% and profit by a whopping 94%.
Apple beat most analyst estimates. Not surprisingly, Apple’s stock is up by over 6% in after hours trader at the time of writing this post.
Note: Apple’s fiscal 2012 first quarter spanned 14 weeks and ended December 31, 2011; fiscal references differ from the calendar year.
[via Business Wire]