Apple Has Another Blowout Quarter with $13B in Profit; Sells 37M iPhones, 15M iPads
January 24, 2012 5:02 PM
comment(s) - last by
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.
This article is over a month old, voting and posting comments is disabled
RE: What are they planning with all of this money??
1/25/2012 9:53:48 AM
Comparing revenue if you're trying to determine which company is bigger makes even less sense than comparing market cap. If you're selling/buying a company, you would probably want to consider things like: Samsung's total assets of $343.7 billion, which
roughly 3X Apple's assets. Samsung is a MUCH bigger company than Apple, and before you get defensive: that alone doesn't make Sammy "better" or "worse" than Apple or say anything at all about the qualities of either company's products.
RE: What are they planning with all of this money??
1/25/2012 2:15:30 PM
Don't worry about Tony, he doesn't understand how the asset/equity paradigm works.
Let's take a look at real world value:
Apple's total assets are only $116 billion of which around $80 billion is liquid investments and another $36 billion or so in physical assets. The money Apple makes off this invested money is included in it's financial results. At the same time, Apple is servicing around around $40 billion (best guess based on equity statements) in loans and so the companies immediate mark to market cash value on the open market is around $40 billion if you were to buy it and liquidate it.
Samsung has a total asset value of $343 billion of which only around $50 billion is tied up in liquid investment (again, best guess from equity statements). The remaining $293 billion is invested in physical assets, such as dry docks, factories, silicon fabs, equipment, etc. Samsung is also servicing around $200 billion in debt and results in a mark to market cash value of around -$150 billion if liquidated.
This makes Apple a FAR more attractive takeover target for Samsung than Samsung would for Apple. Any buyer could use Apple's own cash on hand to pay off most of the purchase price and all of the companies outstanding debt.
"I'm an Internet expert too. It's all right to wire the industrial zone only, but there are many problems if other regions of the North are wired." -- North Korean Supreme Commander Kim Jong-il
Apple Announces Record Q4 Earnings, Investors Aren't Impressed
October 18, 2011, 4:51 PM
Samsung Announces Tizen-based Gear S Smartwatch That Can Make/Receive Phone Calls
August 28, 2014, 12:00 AM
LG Announces G Watch R Smartwatch, Will Launch in Q4
August 27, 2014, 11:45 PM
Archos Offers $99 WinPhone, $150 x86 Win8.1 Tablet, Android Trio
August 27, 2014, 7:07 PM
HTC Desire 510 Officially Announced, May be First 64-Bit Android Smartphone
August 27, 2014, 3:50 PM
Report: Apple to Unveil "iWatch" at iPhone 6 Event on September 9
August 27, 2014, 2:00 PM
Reports: Snapchat is Now Worth $10B, Cofounders are Billionaires to Be
August 27, 2014, 9:30 AM
Most Popular Articles
Microsoft's Surface 2 Tablet Family Gets a $100 Price Cut
August 25, 2014, 1:16 AM
Report: Microsoft to Announce Windows 9 on September 30
August 21, 2014, 11:20 AM
From HULC to FORTIS: the Evolution of Lockheed Martin's Incredible Exosuit
August 22, 2014, 12:45 PM
SpaceX Falcon 9-R Rocket Suffers Malfunction, Self-Destructs During Test Flight
August 23, 2014, 9:36 AM
Owner of "Decepticon" Maserati Ordered to Appear in Court This Thursday
August 25, 2014, 7:55 AM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information