Apple posts record sales, earnings
1/24/2012 7:37 PM EST
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.