Apple Doubles Quarterly Profit, And Then Some

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[Techtaffy Newsdesk]

Apple announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted quarterly revenue of $46.33 billion and quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 per cent compared to 38.5 per cent in the year-ago quarter. International sales accounted for 58 per cent of the quarter’s revenue.

Apple sold 37.04 million iPhones in the quarter, representing 128 per cent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 per cent unit increase over the year-ago quarter. The company sold 5.2 million Macs during the quarter, a 26 per cent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 per cent unit decline from the year-ago quarter.

Tim Cook (CEO, Apple): Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.

Apple 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, Apple expects revenues of about $32.5 billion, and diluted earnings per share of about $8.50.

You can find Apple’s earning statement here.