Apple Records Q2 Revenue of $39.2B; 35.1M iPhones, 11.8M iPads Sold
April 24, 2012 4:30 PM
comment(s) - last by
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: Not according to Apple Authority Jason Mick
4/24/2012 5:52:39 PM
Q2 2012 was second only to the all-time revenue record Apple reported in the holiday quarter of 2011.
Greater China saw iPhone sales
5 times the level of the year-ago quarter.
Apple sold more than two iPads to every one Mac to education institutions in the March quarter. Education sales were helped especially by the $399 iPad 2.
More than 365 million iOS devices have been sold to date.
67 million iPads have been sold through the last quarter. It took Apple 24 years to reach that level with the Mac.
iOS App Store now has more than 600,000 applications, with more than 200,000 specifically for iPad.
RE: Not according to Apple Authority Jason Mick
4/24/2012 6:10:58 PM
Apple has to thank HP for getting me to buy an iPad. I had the $100 Touchpad and saw that it was pretty good, but didnt have any apps. I eventually wanted a real tablet with apps, so I gave my HP touchpad to a family member and got me the new iPad.
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