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Apple Breaks Tech Records in Q1; 37 Million iPhones Sold

By - Source: Apple | B 39 comments

Apple has reported first quarter financial results for the fiscal quarter ended December 31, 2011.

Tim Cook's first quarter as Chief Executive Officer at Apple may have been fairly uneventful in terms of product launches (unless you count the iPhone 4S and the iBooks 2 announcement), but it has certainly been a successful one. The Cupertino-based company yesterday announced Q1 earnings for the FY2012 and revealed that it has had its best quarter on record.

Apple posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, for the same period a year ago. Gross margin was 44.7 percent, up from 38.5 percent in the year-ago quarter.

Apple said iPhone sales for the quarter saw a 128 percent unit growth over the same period last year, selling 37.04 million handsets. iPads also saw an increase of 111 percent compared to the year-ago quarter. The company shifted 15.43 million of the tablets in Q1FY12. Mac sales also rose, but not by nearly as much as the iPhone and iPad; Apple sold 5.2 million Macs, a 26 percent unit increase over Q1FY11. As usual, iPods were the combo-breaker, representing the only decline in sales. The company sold 15.4 million, which is a 21 percent decline compared to the same period last year.

"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said Tim Cook. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."

However, this wasn't just a record breaker of a quarter for Apple. According to CNN's David Goldman, Apple's $46 billion in sales set a new tech record. Not only that, but the net quarterly profit of $13 billion, or $13.87 per share, was one of the most profitable quarters ever for any U.S. company, second only to ExxonMobil's $14.8 billion quarter in 2008.

Cook yesterday sent an email congratulating staff on the best quarter in company history and said he intends to discuss the "record-setting results and some exciting new things going on at Apple" at a Town Hall meeting scheduled for today.

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  • 17 Hide
    kartu , January 25, 2012 7:35 PM
    malicemizerI love hearing news like this. All the apple haters are crying and whining about stuff like, "waaaaa I can't customize the interface whaaaaa apple didn't invent some random thing first". I lick the tears off their faces.

    Why on earth would they?
    Apple has 14% of smartphone market share worldwide yet it makes more profit than remaining 86%.

    You know what that actually means? That it is milking mentioned 14% real hard. Get used ty paying 50$ for a cable my dear.
  • 13 Hide
    amk-aka-Phantom , January 25, 2012 7:21 PM
    Who the hell buys all that stuff? According to Apple, every American must be hooked up with an iPhone by now...
  • 11 Hide
    jerrspud , January 25, 2012 7:18 PM
    Quote:
    Wow. Hate Apple all you want, but they certainly know how to rake in some cash.


    so true. You would think that the economy would better if people have that kind of money to throw down on devices that cost so much more than comparable devices
Other Comments
  • 4 Hide
    burnley14 , January 25, 2012 7:12 PM
    Quote:
    the net quarterly profit of $13 billion, or $13.87 per share, was one of the most profitable quarters ever for any U.S. company, second only to ExxonMobil's $14.8 billion quarter in 2008.

    Wow. Hate Apple all you want, but they certainly know how to rake in some cash.
  • 11 Hide
    jerrspud , January 25, 2012 7:18 PM
    Quote:
    Wow. Hate Apple all you want, but they certainly know how to rake in some cash.


    so true. You would think that the economy would better if people have that kind of money to throw down on devices that cost so much more than comparable devices
  • -1 Hide
    supall , January 25, 2012 7:19 PM
    With the launch of the iPhone 4S on all the major carriers (does T-Mo have an iPhone?), this isn't exactly surprising, in my opinion. People waited for their upgrades and bought the phone for the holiday season, despite critics who lambasted the small upgrades. In all likelihood, their profit isn't going to fall much since the announcement of the iPad 3 is also right around the corner and people will eat that up, too.
  • 13 Hide
    amk-aka-Phantom , January 25, 2012 7:21 PM
    Who the hell buys all that stuff? According to Apple, every American must be hooked up with an iPhone by now...
  • -9 Hide
    malicemizer , January 25, 2012 7:26 PM
    I love hearing news like this. All the apple haters are crying and whining about stuff like, "waaaaa I can't customize the interface whaaaaa apple didn't invent some random thing first". I lick the tears off their faces.
  • 17 Hide
    kartu , January 25, 2012 7:35 PM
    malicemizerI love hearing news like this. All the apple haters are crying and whining about stuff like, "waaaaa I can't customize the interface whaaaaa apple didn't invent some random thing first". I lick the tears off their faces.

    Why on earth would they?
    Apple has 14% of smartphone market share worldwide yet it makes more profit than remaining 86%.

    You know what that actually means? That it is milking mentioned 14% real hard. Get used ty paying 50$ for a cable my dear.
  • 9 Hide
    kartu , January 25, 2012 7:36 PM
    amk-aka-phantomWho the hell buys all that stuff? According to Apple, every American must be hooked up with an iPhone by now...

    Brand loyality is 90%+ so I guess the same guys keep buying slightly refreshed version of the same.
  • 0 Hide
    motheninja , January 25, 2012 7:48 PM
    All the apple haters can keep on hating. Iam not a fanboy of Apple but their iPhone is slick. No android can compare and their iPad too in unrivaled or at least was but the Transformer Prime is looking like an iPad Killer but then again the Xoom looked like an iPad killer and the XOOM was raped. so if the iPad 3 can't match Prime, then Apple is fucked. But Mac OS can suck one though. Windows and Linux for life!
  • 3 Hide
    Envinyanta , January 25, 2012 7:56 PM
    amk-aka-phantomWho the hell buys all that stuff? According to Apple, every American must be hooked up with an iPhone by now...


    Actually the 37 million iPhones sold is worldwide, not just to America.
  • 5 Hide
    del35 , January 25, 2012 8:02 PM
    Just a reminder of how dumb many of the people out there are.
  • 6 Hide
    rawful , January 25, 2012 8:03 PM
    motheninjaAll the apple haters can keep on hating. Iam not a fanboy of Apple but their iPhone is slick. No android can compare and their iPad too in unrivaled or at least was but the Transformer Prime is looking like an iPad Killer but then again the Xoom looked like an iPad killer and the XOOM was raped. so if the iPad 3 can't match Prime, then Apple is fucked. But Mac OS can suck one though. Windows and Linux for life!


    What do you mean no Android can compare? Even Steve Wozniak said he wishes his iPhone could do things his Android phone did. Apple puts sub-par equipment in a slick case and jacks up the price by 700% and somehow convinces morons to buy it.
  • 5 Hide
    burmese_dude , January 25, 2012 8:12 PM
    Android for life here. Got no love for Apple but their HQ is in Cali, my state. So I guess that's good that they're profitable. No issue for me.
  • 5 Hide
    amk-aka-Phantom , January 25, 2012 8:30 PM
    I've had some time testing my friend's iPhone 4S now and I can say that the interface is super smooth, high-res icons, etc. It looks really nice and the phone is fast as hell. And I'd still choose a Galaxy S2/Note over it due to more hardware functions and same speed! Just the same way I choose Win7 over Linux... Compiz looks REALLY cool, but to hell with that coolness if the OS can't do what I need. Same here.
  • 8 Hide
    nycteris , January 25, 2012 8:49 PM
    del35Just a reminder of how dumb many of the people out there are.

    In other words, anyone who likes what you don't like is a mindless sheep and financially retarded.
  • 2 Hide
    dietcreamsoda , January 25, 2012 8:57 PM
    This isn't surprising at all. I went from Android to an iPhone 4S and would never, ever, go back. Android devices and the OS itself looks and feels so shitty by comparison.
  • 9 Hide
    amk-aka-Phantom , January 25, 2012 9:30 PM
    soldier37Android sucks and so do Apple haters. Get over yourselves. Android isnt the savior you think it is.


    STFU hypocrite, a couple of months back you've been ranting about how you got the Galaxy Nexus so that you can feel superior to the "iPhone kiddies". At least keep your BS synchronized so that you don't embarrass yourself!
  • 10 Hide
    rohitbaran , January 25, 2012 9:34 PM
    Quote:
    Apple Breaks Tech Records

    Tech records? I thought Apple sold magic! :p 
  • 3 Hide
    brandoncatz , January 25, 2012 9:37 PM
    burmese_dudeAndroid for life here

    So, if Android starts falling behind in terms of technology, or the phones they are putting it on just blow, you'll stick with them? No one should be that loyal to a brand unless they own the freakin' company. If you hate Apple maybe stay open to the idea of using WP7 or any other future OS.
  • 6 Hide
    hoomanium , January 25, 2012 9:39 PM
    Haters gonna hate, Potatoes gonna Potato, and Apple's gonna make more money. If you don't have anything nice to say, don't say it here.
  • 0 Hide
    ericburnby , January 25, 2012 9:40 PM
    654,000 iOS devices every day for this last quarter. And the 4S wasn't even available until mid October.

    700,000 Android devices per day (according to Andy Rubin).

    The difference is nobody knows what those Android devices comprise, how many are garbage phones locked to their carriers, feature phones running Android or those $200 tablets. Suddenly that 700,000 doesn't seem so impressive anymore.
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