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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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By tayb on 1/25/2012 1:40:43 PM , Rating: 2
You do realize that Apple is not the only company who uses Foxconn right? It's really convenient to use this is your excuse to hate Apple but if you hate any company that utilizes cheap Foxconn mass production you will be hating a large number of companies including a lot of the companies that offer Android smart phones, video cards, and motherboards.

Not only that but Foxconn isn't the only manufacturing company in China with piss poor labor records. A vast majority of these mega manufacturing companies are just the same.

So if you hate labor abuse in China and refuse to buy products from companies that support such cheap labor get used to a reality where you don't own electronics.

But don't let facts and reality get in the way of your anti-Apple crusade.


By someguy123 on 1/25/2012 3:34:24 PM , Rating: 3
It's true that many people go to foxconn for production, but their buildings are dedicated to certain companies/devices. The quality of the building and the employee salaries depend on the contract with their respective companies, which is how foxconn maximizes profits. Apple's production building happens to be the worst paid, with the worst conditions.

It's partially foxconn and partially apple, but it doesn't negate apple's part.


By messele on 1/25/2012 6:21:47 PM , Rating: 2
Given that all of Apple's final assembly now takes place in purpose built buildings I think you are going to have to qualify that claim or I am going to accuse you of making it up to suit your agenda.

Fact is EVERY piece of mass produced technology is produced under dubious ethics, you think the Taiwanese or Koreans are any better than the Chinese?

Nobody who owns any modern phone or computer can take the moral high-ground on this one.


By someguy123 on 1/26/2012 3:19:35 AM , Rating: 2
I don't really see how apple's assembly taking place elsewhere is meant to correlate with improved working conditions. I'm just describing the conditions that were reported. If they changed I would welcome a source.

Also I find it a little hilarious that people still continue to justify things with this incredibly cynical view of the world. I'd say the idea that every single producer in the world treats their workers unfairly intentionally is more dubious than the ethics you describe. Many times these companies are proving work in an area without. The ethical implications are not black and white.


By Tony Swash on 1/26/2012 7:19:49 AM , Rating: 2
quote:
Apple's production building happens to be the worst paid, with the worst conditions.


Can you show us the evidence to support that statement?


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