Apple's Q1 2012: Outstanding Results, Record Breaking Sales
Article by George Norman
On 25 Jan 2012
Last week, Microsoft and Google reported strong quarterly earnings for their Q2 2012 and Q4 2011 respectively. This week, it’s Apple’s turn to report outstanding quarterly earnings. On Tuesday, the Cupertino-based software developer made public the financial results for its Q1 2012 that ended on the 31st of December 2011.

Here are Apple’s financial results for Q1 2012:
  • Record quarterly revenue of $46.33 billion.
  • Record quarterly net profit of $13.06 billion (that’s $13.87 per diuted share).

Just so you can see the growth, for its Q1 2011 Apple reported quarterly revenue of $26.74 billion and a net quarterly profit of $6 billion ($6.43 per diluted share). Getting back to the topic at hand, Apple made public the amount of merchandise it sold in Q1 2012: 37.04 million iPhones, 15.43 million iPads, 5.2 million Macs, 15.4 million iPods.

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Apple’s CEO Tim Cook had the following to say about the Q1 financial results:
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs. Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

And Apple’s CFO (Chief Financial Officer) Peter Oppenheimer had this to say about the record quarterly revenue and record quarterly profit:
“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter. Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”

I mentioned above that last week Microsoft and Google made public their quarterly financial results. For its Q2 2012 which ended on the 32st of December, Microsoft reported record revenue of $20.98 billion (operating income $7.99 billion, net income $6.62 billion, diluted earnings per share $0.78). For its Q4 2011 which also ended on the 31st of December, Google reported strong revenue of $10.58 billion (the first time in Google’s history when it passed the $10 billion mark for quarterly earnings).



Tags: Apple, Revenue, Google, Microsoft
About the author: George Norman
George is a news editor.
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