Earlier today Apple revealed their quarterly earnings – they’ve broken all previous sales records across all product categories (except the iPod)!
This quarter is the first time that iPad sales have surpassed 15 million and Mac sales have exceeded 5 million. Additionally, it was estimated that Apple would sell 30 million iPhone units this quarter and they’ve surprisingly shot past that generous 30 million estimation by an additional 7 million units shipped (37 million in total)!
Apple also reported a shocking $46.33 billion in sales and $13.06 billion in net profit for the first fiscal quarter of 2012.
Apple’s surprisingly high sales numbers contributed to a 30 point jump in Apple stock today during after-hours trading that brought it up to an all-time high.
Here’s Apple’s full press release:
Highest Quarterly Revenue and Earnings Ever
All-Time Record iPhone, iPad and Mac Sales
CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record 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 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
“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.”
Apple will provide live streaming of its Q1 2012 financial results conference call beginning at 2:00 p.m. PST on January 24, 2012 at www.apple.com/quicktime/qtv/earningsq112. This webcast will also be available for replay for approximately two weeks thereafter.
Stay tuned for more news related to Apple and their products.