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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RE: Apple are doomed :)
1/25/2012 1:57:36 AM
The HW spec of the Android phones are usually better. Apple does well on battery life. SW features like Siri should not be withheld if the argument is that devices have long term support. A lot of people throw that around in Apple's favor as a positive point.
You pay for OSX as part of a Mac purchase. Mac without OSX? Didn't think so. Mac Store for eg. is not a feature to pay money for. The perception of cheap does not make it cheap. Apple's earnings kinda prove it.
I am talking about margins and what you get for your money. Though I own the iPad, from the specs it is quite obvious where the margins come on iPads. If Apple say that the spec is not important that's fine, but then they need to get their act together and get iOS5 working on an iPad.
If you own the iPad1, Safari
crash on you. A lot. You are either lying or so blinded by the Apple distortion field you haven't realised it. Or your clever play of words of it being no worse than iOS4, is an indirect admission that they haven't fixed the problem since iOS4.
Start counting today.. Everytime Safari throws you back to the Springboard. At least reload the app on your app.. whoops no, the user might notice. Best let them think they hit the wrong key..
"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard
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