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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 :)
By DeluxeTea on 1/25/2012 11:44:26 PM , Rating: 1
So what? Apple is still driving down software prices and has established a new inexpensive model for phone and tablet apps and that is a kick in the nuts for companies that only essentially make money from software, such as Microsoft. In order to keep Office the industry standard it has been in the past Microsoft has to either sell an iOS version (in which case it will have to enter the low price ecosystem of iOS apps with a low price version of Office) or lower it's OS and Office pricing norms for the tablet version of Windows 8 so that OEMs manage to set a competitive price for Windows 8 tablets and thus sell so many that it can compete with iPad sales. Either way Microsoft's old software pricing system, the system that underpins it's core revenue streams, is fucked. Nice one Apple.

Apple beating Microsoft in software? What the hell are you smoking? Unless most corporations adopt Apple software en masse, Apple can't do shit against Microsoft's offerings. But that won't happen, since going Apple requires a huge investment in hardware - most Apple software only work on Apple products.

If Open Office (which is free last time I checked) can't beat MS Office, what chance does Apple have?

Apple is fucked, software and corporate-wise.

RE: Apple are doomed :)
By trajan24 on 2/17/2012 9:19:23 PM , Rating: 2
You must be dumber than a rock. Apple's growth rate has beaten the PC industry for 23 straight quarters. All their trajectories are up, and they have iphone 5 coming which will be a monster. Apple makes MORE than 50% of ALL the smartphone profits the industry produces.
They are making serious inroads in the corporate world as well.

“So far we have not seen a single Android device that does not infringe on our patents." -- Microsoft General Counsel Brad Smith
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