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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 MrMilli on 1/26/2012 4:32:25 PM , Rating: 2
Yes but not all those 230000 employees built Apple products. Foxconn makes products for dozens of other companies.
Nokia builds a huge portion of it's phones in the EU. They have factories in Finland, Germany & Hungary. They also have factories in China but most of that production is for that region.
Don't say things like iPhones aren't made in America 'cause they can't be because they can if Apple wanted. It's just that Apple wants money and lot's of it.
In difference to Apple, Nokia is a social company (at least it has been but I feel that Mr. Elop wants to change this). Actually this is one of the main reasons why Nokia has such a low profit margin.
BTW new iPhones don't use Corning anymore!


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