Apple announced yesterday their financial results for the fiscal 2012 first quarter which was tied into 14 weeks, ending December 31st 2011. They posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share.
They have improved on the year previous, which was $26.74 billion revenue, and net quarterly profit of $6 billion, or $6.43 per diluted share.
Gross margin results are up, from 38.5 percent in the year before to 44.7 percent. International sales accounted for 58 percent of the quarters revenue.
Apple sold 37.04 million iPhones in the quarter, 128 percent growth over the year ago quarter. They also sold 15.43 million iPads during the quarter, translating into a 111 percent increase over the year previous quarter.
Adding to the amount, Apple sold 5.2 million Macintosh computers, a 26 percent increase over the year previous. 15.4 million iPods were sold, which is the only area which is declining.
Tim Cook, Apple CEO issued a statement about the results, saying “We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs, Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
Apple’s CFO Peter Oppenheimer was understandably excited about the results, adding “We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter, 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.”
Kitguru says: If only we had a few hundred thousand shares in a drawer