Apple Records Q2 Revenue of $39.2B; 35.1M iPhones, 11.8M iPads Sold
April 24, 2012 4:30 PM
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Apple continues to put up impressive numbers
Over the past few months, Apple's stock value has been on a wild rollercoaster ride.
in early February, and passed by
$600/share in March
. The stock peaked at $644/share earlier this month, but has since plummeted back down to around $560/share (at market close today).
During Q1, Apple released its
third generation iPad
, which once again proved to be a sales blockbuster, breaking previous records set by the iPad 2. The company also released a revamped Apple TV during the quarter, but Apple’s “hobby” doesn’t exactly set enthusiasts’ hearts ablaze.
With that in mind, Apple today released its fiscal Q2 earnings report. The company reported revenue of $39.2 billion versus Wall Street estimates of $36.81 billion. Net profit rang in at $11.6 billion while earnings per share (EPS) came in at $12.10 versus a consensus of $10.04.
When it comes to device sales, the Cupertino, California-based company saw iPhone sales of 35.1 million (88 percent year-over year growth) -- during Q1, AT&T and Verizon alone activated
4.3 million and 3.2 million iPhones respectively
. When it comes to the iPad, Apple recorded the sale of 11.8 million units.
Apple’s Mac business saw a seven percent year-over-year increase to 4 million units. On the other hand, Apple’s once red hot iPod business saw a 15 percent year-over-year decline to 7.7 million units.
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Apple CEO Tim Cook. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”
AAPL is up over 6 percent in after hours trading to $598.
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RE: Other countries picking up the pace
4/24/2012 5:58:49 PM
You don't hide your bias well, do you?
7.6M-4.3M is not about 4 million. It's 3.3 million.
Second, no retailer can ever hope to sell more product in Q1 than Q4. Q4 is when 50% of all retail sales in the US happen. Q1 cannot hope to match it, especially AT&T when they stop offering early upgrade deals.
As the results show, Apple is doing very well and they've almost doubled their numbers compared to Q1 of 2011.
RE: Other countries picking up the pace
4/24/2012 10:03:59 PM
Lets do some simple common sense analysis.
First. You are comparing the holiday quarter to another. Hmm.
Second. iPhone sales. What happened in Q4 that would make iPhone sales surge above normal trend(besides that pesky holiday)... IDK the first iPhone release in over a year that everyone knew was coming. In case you need a refresher, iPhone sales lagged in the summer quarter leading up to launch as well.
Third. Guess what. Sales will lag again at the end of this quarter and surge in the summer 2012 quarter. Why? You guessed it. A new iPhone.
Please...... with the melodramatic crap. Don't throw numbers around without having any facts to back it up.
"If you can find a PS3 anywhere in North America that's been on shelves for more than five minutes, I'll give you 1,200 bucks for it." -- SCEA President Jack Tretton
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