Apple Has Another Blowout Quarter with $13B in Profit; Sells 37M iPhones, 15M iPads
January 24, 2012 5:02 PM
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Apple continues to add to its war chest, sells record numbers of iPhones
It's beginning to
become a broken record when reporting on Apple's quarterly earnings
, but the boys from Cupertino have done it again. Apple today announced its earnings for fiscal Q1 2012 and the results are as usual very impressive.
The company reported net profit of $13.06 billion on revenue of $46.33 billion ($13.87 per diluted share). Profit for fiscal Q1 2012 was more than double that of fiscal Q1 2011, while gross margins came in at 44.7 percent compared to 38.5 percent a year ago.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Apple CEO Tim Cook. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
As for product sales numbers, Apple sold 37.04 million iPhones during the quarter (a 128 percent increase) and 15.43 million iPads (a 111 percent increase). The company's Mac sales also saw an increase, but "only" saw a 24 percent increase year-over-year to 5.2 million units.
Apple iPods, however, continue their downward spiral in this age of digital convergence. Sales of the portable music players were down 21 percent to 15.4 million units.
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Did Apple Reclaim Greatest Number of Smartphone Sales Last Quarter?
1/24/2012 6:23:54 PM
Previous reports seemed to indicate that Samsung shipped 35 million smartphones last quarter. With Apple selling 37 million iPhones, have the regained the top smartphone manufacturer title? Not bad for having only 3 smartphone models and all the criticism for not having a major iPhone 5 refresh. Given Samsung reports shipments and Apple reports actual sales, the difference in end user hands may be even greater.
RE: Did Apple Reclaim Greatest Number of Smartphone Sales Last Quarter?
1/24/2012 7:46:01 PM
Nobody knows how many smartphones or tablets Samsung sells, because 6 months ago, they said that they would no longer report those numbers (actually, they reported shipped numbers). The 35 million was a guess from an analyst.
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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