Apple posts Q2 2012 earnings, profits soar 93% on sales of 35 million iPhones and 11.8 million iPads

Tue, Apr 24, 2012

Finance, News

Apple a few minutes ago released its earnings for its second fiscal quarter of 2012 and recorded $39.2 billion in revenue and net quarterly profit of $11.6 billion. EPS checked in at $12.30 per share.

During the same Q2 quarter a year-ago, Apple posted revenue of $24.7 billion along with a net quarterly profit of $6 billion. Profits, year over year, rose by an impressive 93%. So much for all those analysts claiming Apple’s earnings this quarter would disappoint.

“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” Apple CEO Tim Cook said in a press release. “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.”

Product wise, Apple sold 35.1 million phones, an 88% increase from Q2 2011. And with the new iPad in tow, Apple moved 11.8 million units, representing an even more astounding 151% increase from the same quarter a year-ago. As expected, Mac sales came in lower than expected with just 4 million units, still good enough for a 7% increase from the year-ago quarter. And as for the iPod (yeah, remember that ole’ product?), Apple sold 7.7 million units, a 15% drop from last year’s quarter.

via Apple


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