Apple has just
announced their Q2 2012 results, and despite Wall Street plunging AAPL stock by $60 a share over the last couple of
weeks, there was no reason for pessimism as Apple is announcing yet another
record quarter, with 35 million iPhones, 12 million iPads, 7.7 million
iPods and 4 million Macs sold.
Full press release after the jump. Stay tuned for live coverage of the conference call with investors later today.
Apple Reports Second Quarter Results
Record March Quarter Sales of
iPhones, iPads and Macs
Net Profit Increases 94% Year-over-Year
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
new iPadhttp://iphonegametrailers.blogspot.in/
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.” 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.
This
press release contains forward-looking statements including without limitation
those about the Company’s estimated revenue and diluted earnings per share.
These statements involve risks and uncertainties, and actual results may
differ. Risks and uncertainties include without limitation the effect of
competitive and economic factors, and the Company’s reaction to those factors,
on consumer and business buying decisions with respect to the Company’s
products; continued competitive pressures in the marketplace; the ability of
the Company to deliver to the marketplace and stimulate customer demand for new
programs, products, and technological innovations on a timely basis; the effect
that product introductions and transitions, changes in product pricing or mix,
and/or increases in component costs could have on the Company’s gross margin;
the inventory risk associated with the Company’s need to order or commit to
order product components in advance of customer orders; the continued
availability on acceptable terms, or at all, of certain components and services
essential to the Company’s business currently obtained by the Company from sole
or limited sources; the effect that the Company’s dependency on manufacturing
and logistics services provided by third parties may have on the quality,
quantity or cost of products manufactured or services rendered; risks
associated with the Company’s international operations; the Company’s reliance
on third-party intellectual property and digital content; the potential impact
of a finding that the Company has infringed on the intellectual property rights
of others; the Company’s dependency on the performance of distributors,
carriers and other resellers of the Company’s products; the effect that product
and service quality problems could have on the Company’s sales and operating
profits; the continued service and availability of key executives and
employees; war, terrorism, public health issues, natural disasters, and other
circumstances that could disrupt supply, delivery, or demand of products; and
unfavorable results of other legal proceedings. More information on potential
factors that could affect the Company’s financial results is included from time
to time in the “Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” sections of the Company’s public
reports filed with the SEC, including the Company’s Form 10-K for the fiscal
year ended September 24, 2011, its Form 10-Q for the fiscal quarter ended
December 31, 2011, and its Form 10-Q for the fiscal quarter ended March 31,
2012 to be filed with the SEC. The Company assumes no obligation to update any
forward-looking statements or information, which speak as of their respective
dates.
Apple designs Macs, the best personal computers in the world, along with
OS X, iLife, iWork and professional software. Apple leads the digital
music revolution with its iPods and iTunes online store. Apple
has reinvented the mobile phone with its revolutionary iPhone and App Store,
and is defining the future of mobile media and computing devices with iPad
Source
: Cult Of Mac.
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