Another Record Quarter for Apple
Article by George Norman
On 25 Apr 2012
On Tuesday, April 24, Cupertino-based software developer Apple made public the financial results for its Q2 2012 which ended on the 31st of March. Unsurprisingly, the company did quite well – net profit is up by 94% compared to 2011 and a record number of Apple products were sold. Here are some concrete figures to better put things in perspective:
  • Q2 revenue – $39.2 billion
  • Q2 net profit – $11.6 billion or $12.30 per diluted share
  • Q2 gross margin – 47.4%
  • Sold products – 35.1 million iPhones, 11.8 million iPads, 4 million Macs, 7.7 million iPods.

Everything is up compared to Q2 2011, when Apple reported revenue of $24.7 billion and net profit of $6.0 billion ($6.40 per diluted share). Gross margin is up from 41.4% to 47%, iPhone sales are up 88%, iPad sales are up 151%, and Mac sales are up 7%. The only thing that’s gone down is the number of sold iPods; a drop of 15% compared to the year ago quarter.

Apple’s CEO Tim Cook had the following to say about Apple’s financial results for Q2 2012:
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. 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.”

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And here is what Apple’s Chief Financial Officer (CFO), Peter Oppenheimer had to say about the company’s quarterly financial results:
“Our record March quarter results drove $14 billion in cash flow from operations. Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”

The conclusion is that Apple had another excellent quarter; for Q2 which ended this March, Apple made a net profit of $11.6 billion. As Apple’s CFO mentioned above, things are going to get even better in Q3.



Tags: Apple, Tim Cook, Q2, Revenue
About the author: George Norman
George is a news editor.
You can follow him on Google+, Facebook or Twitter

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