Tim Cook and Peter Oppenheimer report Apple's financial results for Q2 fiscal 2012

Apr 25, 2012 07:02 GMT  ·  By

As planned, Apple has officially disclosed the earnings for its second fiscal quarter ended March 31, posting $39.2 billion in revenue and $11.6 billion in profit.

As the stock market closed yesterday, the Cupertino, California-based tech giant issued a press release confirming impressive iPhone, iPad, and Mac sales, all of which contributed to the company’s net profit of $11.6 billion.

“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,” Apple said.

Apple compared these results to the year-ago quarter when the company recorded revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share.

Also above the year-ago quarter, gross margin was 47.4 percent (up from 41.4 percent), while 64 percent of the quarter’s whole revenue was from international sales, according to the Mac makers.

As usual, Apple dished out exact numbers of device units sold, including iPhone, iPad, Mac, and iPod:

- Apple 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. - Apple 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.

Tim Cook, Apple’s CEO, commented: “We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. 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.”

Peter Oppenheimer, Apple’s chief financial officer, chimed in to say, “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’s CFO added.