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.
This article is over a month old, voting and posting comments is disabled
RE: Magical Numbers
4/25/2012 6:34:45 AM
Apple should be more like Nike, and push harder for better conditions for it's workers.
A small pay increase and suicide nets isn't what I would call "good enough".
Nike as a company has been pushing hard to improve conditions for the last several decades, Apple has done a couple of things to improve working conditions so the goats/sheeps will defend their non-existent honour.
It's still not a good enough situation.
With that said however... China seems to be going through a late industrial boom.
Most Western Countries went through this almost a century ago... Back then Western factories were probably a bit worst as far as working conditions went.
In time as China becomes more and more developed, conditions will improve like what happened in the Western world.
RE: Magical Numbers
4/25/2012 10:34:04 AM
Obviously you have no idea what you are talking about. Perhaps becoming informed on the conditions of Foxconn's workers would help you make comments based on reality.
RE: Magical Numbers
4/25/2012 12:15:33 PM
Perhaps, you could provide some information to back up your statements?
It would be heck of allot more useful and insightful rather than yelling "NO! YOU ARE WRONG!" with no backing to it what-so-ever.
"It seems as though my state-funded math degree has failed me. Let the lashings commence." -- DailyTech Editor-in-Chief Kristopher Kubicki
AT&T Posts Strong Earnings, iPhone Activations Drop 43% from Previous Quarter
April 24, 2012, 1:18 PM
Update: Apple Announces Dividend for Q4, $10B Share Repurchase for 2013; Closes Above $600
March 19, 2012, 5:12 PM
Apple Launches Third Generation iPad with Retina Display, LTE; 16GB iPad 2 Drops to $399
March 7, 2012, 1:29 PM
Quick Note: Apple Stock Surges Past $500/Share
February 13, 2012, 10:09 AM
AT&T Defeats Purpose of New Apple SIM, Locks iPad Air 2 SIMs to Its Network
October 24, 2014, 2:17 PM
Get Ready for "Microsoft Lumia" Smartphones in Next Few Months
October 24, 2014, 12:26 PM
Report: Samsung Galaxy S5 to Receive Android 5.0 Lollipop in December
October 24, 2014, 11:26 AM
Dreadful Fire Phone Sales Lead to $170M Writedown for Amazon
October 24, 2014, 8:55 AM
Xiaomi Moves Data Out of China to Woo EU, America, Escape Security Concerns
October 23, 2014, 5:11 PM
Android Wear’s First Major Update Brings GPS, Offline Music Support
October 23, 2014, 1:34 PM
Most Popular Articles
Chinese Government Declares Digital War Against America's Top Tech Firms
October 20, 2014, 12:07 PM
Samsung Announces Galaxy S5 Plus with Snapdragon 805 Processor, LTE-A
October 22, 2014, 3:40 PM
Windows 8.1 + Android "Sell Mini PC" w/ Bay Trail Creates New PC Form Factor
October 20, 2014, 5:07 PM
Apple's iPad Air 2 Features Triple-core A8X Processor, 2GB of RAM
October 21, 2014, 8:32 PM
Apple Releases iOS 8.1; Adds Apple Pay Support, SMS Relay, Instant Hotspot
October 20, 2014, 1:00 PM
Latest Blog Posts
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information