Apple earnings for Q2 2012 show $11.6 billion net profit, 11.8 million iPads, 35.1 million iPhones sold

By on Apr 25, 2012 in Business, Technology, United States Comments

Apple announced on Tuesday, April 24, 2012 its earnings for its fiscal Q2 2012 which ended on March 31, 2012 that resulted to a 94% increase in net profit including iPad and iPhone sales as compared to the same quarter last year.

As revealed by Apple on its official website that day, the iPhone company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share, with 64 percent of the quarter’s revenue came from international sales.

According to Apple, the Q2 2012 profit was compared to the same Q2 2011, which had revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, with Q1 2012 resulting to $46 billion revenue and net profit of $13 billion.

Meanwhile, Apple CEO Tim Cook revealed that for Q2 2012, 35.1 million iPhones were sold in the quarter, representing 88 percent unit growth over the year-ago quarter; and 11.8 million iPads were sold, or a 151 percent unit increase over the year-ago quarter.

For the Mac, Apple said that they sold 4 million units during the quarter, a 7 percent unit increase over the year-ago quarter; but had a 15 percent unit decline from the year-ago quarter for iPods, with 7.7 million units sold.

“Our record March quarter results drove $14 billion in cash flow from operations. Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.” Apple CFO Peter Oppenheimer was quoted in the report.

“Our focus is just on making great phone. At the end of the day, the vast majority of carriers want to provide what their customers want to buy. That’s what they’re motivated for. We are deeply committed to providing phones that people want.” Mr. Cook was quoted telling to reporters during the news conference that day.

“The subsidy, from a carrier perspective, is not large compared to the length of a contract. Our engineering teams work extremely hard to be efficient with data; differently than some others. As a result of this, iPhone has far better data efficiency than other smartphones.” Cook added.

Apple earnings bar graph comparison (Revenue and Net Profit for Q2 2011, Q1 2012 and Q2 2012
Image Credit: Apple via TechCrunch

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