Apple Announces Highest Quarterly Revenue and Earnings Ever; Stock Soars to All-Time High

by Knowlton Thomas | Apple

Apple has announced financial results for its fiscal 2012 first quarter. Apple posted record quarterly revenue of $46.3 billion and record quarterly net profit of $13 billion ($13.87 per diluted share). AAPL stock soared 8% to a new all-time high of more than $450 in after-hours trading.

The company's numbers are up from revenue of $26.7 billion and net quarterly profit of $6 billion in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent last year.

Apple sold 37 million iPhones in the quarter, representing 128% unit growth from last year. It sold 15.4 million iPads during the quarter, a 111% increase. It sold 5.2 million Macs during the quarter, a 26% increase. Finally, it sold 15.4 million iPods, a 21% decline.

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

“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “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.” 

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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