Another Record Quarter for Apple
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:
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.”
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.
- 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.”
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.
