Apple has published remarkable first quarter earnings result for the year 2012. The holiday quarter was record-breaking for Apple as it brought $46.33 billion in revenues and quarterly net profit of $13.06 billion. Apple has published the detailed report for its Q1 2012 earnings and according to this report Apple sold 37.04 million iPhones (128% growth from last year’s quarter), 15.43 million iPads (111% growth from last year) , 15.4 million iPods, and 5.2 million Macs (26% growth from last year).
The only Apple product that saw decline in sale from last year’s same quarter is iPod. iPod sales were 21 percent less than last year, but given Apple not refreshing any iPod model last year (except introducing the white iPod touch) this drop is understandable and not bad at all.
Apple’s CEO Tim Cook and CFO Peter Oppenheimer made the following remarks on this mind blowing earnings report:
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “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.”
As noted by MG Siegler Apple was the only non oil and gas company to take a place in the chart of highest global quarterly earnings. It stood firm at fourth position in this chart.
Apple’s CEO Tim Cook sent the following congratulatory email to his company’s employees regarding the earnings report for Q1 2012 (via).
Thanks to everyone’s hard work, we’re off to a great start in 2012. Last week in New York we launched a groundbreaking initiative for education with iBooks textbooks, and today we reported the strongest quarter in Apple’s history.Please join me tomorrow morning at 10 a.m. in Town Hall. We’ll review our record-setting results and discuss some exciting new things going on at Apple.The meeting will be broadcast live to many sites in Cupertino and other Apple locations. Please check AppleWeb for details.
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- Apple announces results for Q4 2012: Sold 29.9 million iPhones, 14 million iPads, earned $36 billion in revenue
- Apple announces Q1 2013 results: Sold 47.8 million iPhones, 22.9 million iPads, 12.7 million iPods with $54.5 billion revenue
- Apple: There are 315 million iOS devices sold, 580,000 apps in the App Store, and 100 million iCloud users