Apple Announces Q2 2012 Results – Another Great Quarter, Surprised?

tim-cook-smiling

We’re sure Tim Cook looks something like this right now

As Apple is very used to announcing these days, they have seen yet another Great quarter. Again, it’s good to be Apple right now.

On Tuesday, Apple announced quarterly revenue of $39.2 billion, and a quarterly net profit of $11.6 billion, topping the year-over-year totals of $24.7 billion and $6 billion respectively.

They told 35.1 million iPhones this quarter, which is 88 percent up from the same quarter a year ago. They also sold a whopping 11.8 million iPads, which is 151 percent over the same quarter last year. They sold 4 million Macs in the quarter which is 7 percent up from last year. iPods continue to drop off as they only sold 7.7 million this year, or 15 percent down from last year.

Check out the press release below for the full announcement:

Apple Reports Second Quarter Results

Record March Quarter Sales of iPhones, iPads and Macs

Net Profit Increases 94% Year-over-Year

CUPERTINO, California—April 24, 2012—Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. Gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.

“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

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

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