SAN FRANCISCO—Apple Inc. Tuesday (Jan. 24) reported its highest ever quarterly sales and earnings, thanks to record sales of its iPhones, iPads and Macs.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO, in a statement.
Apple reported sales of $46.33 billion for its first quarter of fiscal 2012, which closed Dec. 31. Sales grew by 64 percent compared with the previous quarter and by 73 percent compared with the year-ago quarter. Apple's fiscal first quarter was 14 weeks long, one more than is typical.
Sales for the quarter came in well above consensus analysts' expectations of about $38.9 billion, according to Yahoo Finance.
Apple reported a quarterly net income of nearly $13.06 billion, nearly double the net income of $6.6 billion in the previous quarter and more than twice the net income of $6 billion in the year-ago quarter.
Apple's gross margin for the quarter was 44.7 percent, up from 40.3 percent in the previous quarter and up from 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue, Apple said.
Apple sold 37.04 million iPhones in the quarter, up 128 percent from the year-ago quarter, the company said. Apple sold 15.43 million iPads during the quarter, up 111 percent from the year-ago quarter, it said. Apple sold 5.2 million Macs during the quarter, up 26 percent from the year-ago quarter, the company said.
Apple also sold 15.4 million iPods, down 21 percent from the year-ago quarter.
Interesting about the ipods down 21%. It's safe to say that ipods are on their way out. With the ability to easily add an additional 32gb to what most smart phones already have, it just doesn't make sense to have multiple devices.
It would be nice to have a breakdown of sales of various iPods. I think iPod and iPod touch can be replaced by iPhone. iPod nano may still have a market because of its portability. If a bit more feature is added such as GPS, it can be a nice product for trail runners and mountain bikers. Having said that, I do see people carrying their iPhone running. I found it a bit too bulky.
So what this shows me is that Apple's profit margin must be huge on their products, and those buying the products are clearly being overcharged..... But I guess when you are Apple, you can charge whatever you want and the people will pay.... Nice position to be in...
The numbers are so staggering, it's hard to put them in perspective. $46.33B in one quarter is approaching half a billion dollars PER DAY, seven days a week in revenue.
Quoting the San Jose Mercury News, "Projected over an entire year, Apple's revenue would top the GDP of all but 46 countries, including Pakistan, Peru, Vietnam and New Zealand."
And with nearly $100B in cash reserves, the WSJ says "Apple's cash reserves top the worth of all but 52 companies in the world."
From a satisfied customer and stockholder -- outstanding job Apple!!!
Sent from my iPhone
“'We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,' said Tim Cook, Apple’s CEO, in a statement."
Sorry, I laughed out loud at myself. When I read that, what I thought he said was, "We're thrilled with out outSOURCING results ..."
Let me ask: would there be any incentive for Apple to bring manufacturing back to the US? They make their billions on gadgets for kids, in large measure. Just the demographic that can't afford products even more expensive than these already are.
Notice how the big growth is in iPads and iPhones, the latter no doubt thanks to the iPhone 4. That's the nature of this market.
Absolutely smashing on the wall street, a record of sorts for any publicly traded company.
But with all this still I am skeptical about their future, as they say going out with a bang! Hope I am utterly false.
I am not sure if there is anything like business ethics but I cannot understand how they could report so much profit at the same time allow such working conditions at their manufacturing plants in China or any other place for that matter.
jesus christ apple is a BEASTT!!! i just learned If you stack every single dollar bill in Apple's $97 billion cash reserves, you would reach 6,583 miles into space...can you say EL-Ohhhh-EL?!!!! HAHAHA
P.S. WOOT APPLE!!! 8=D
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