Tuesday, April 24, 2012

Apple 2Q2012 Results

Apple just announced their 2Q 2012 financial results this afternoon for the quarter ending March 31, 2012. They announced revenue of $39.2 billion with a net quarterly profit of $11.6 billion, or $12.30 per diluted share. Apple beat their guidance of $32.5 billion by nearly 20% and the street estimated just under $37 billion in revenue for this quarter.

Sales of the iPad were reported at 11.8 million units, with 35.1 million iPhones being shipped as well.

From the Apple press release

"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."

The iPhone is still holding strong with the iPhone 4S, iPhone 4, and iPhone 3GS availability.

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