Apple Breaks Tech Records in Q1; 37 Million iPhones Sold
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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Jane McEntegart is a writer, editor, and marketing communications professional with 17 years of experience in the technology industry. She has written about a wide range of technology topics, including smartphones, tablets, and game consoles. Her articles have been published in Tom's Guide, Tom's Hardware, MobileSyrup, and Edge Up.
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burnley14 Replythe 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 $14.8 billion quarter in 2008.
Wow. Hate Apple all you want, but they certainly know how to rake in some cash. -
jerrspud Reply9341553 said:Wow. Hate Apple all you want, but they certainly know how to rake in some cash.
so true. You would think that the economy would better if people have that kind of money to throw down on devices that cost so much more than comparable devices -
supall With the launch of the iPhone 4S on all the major carriers (does T-Mo have an iPhone?), this isn't exactly surprising, in my opinion. People waited for their upgrades and bought the phone for the holiday season, despite critics who lambasted the small upgrades. In all likelihood, their profit isn't going to fall much since the announcement of the iPad 3 is also right around the corner and people will eat that up, too.Reply -
amk-aka-Phantom Who the hell buys all that stuff? According to Apple, every American must be hooked up with an iPhone by now...Reply -
malicemizer I love hearing news like this. All the apple haters are crying and whining about stuff like, "waaaaa I can't customize the interface whaaaaa apple didn't invent some random thing first". I lick the tears off their faces.Reply -
kartu malicemizerI love hearing news like this. All the apple haters are crying and whining about stuff like, "waaaaa I can't customize the interface whaaaaa apple didn't invent some random thing first". I lick the tears off their faces.Why on earth would they?Reply
Apple has 14% of smartphone market share worldwide yet it makes more profit than remaining 86%.
You know what that actually means? That it is milking mentioned 14% real hard. Get used ty paying 50$ for a cable my dear. -
kartu 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.Reply -
motheninja 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!Reply -
Envinyanta amk-aka-phantomWho the hell buys all that stuff? According to Apple, every American must be hooked up with an iPhone by now...Reply
Actually the 37 million iPhones sold is worldwide, not just to America.