Apple reports record quarterly revenue, earnings

Apple reports record quarterly revenue, earnings

Apple has posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion in the first quarter of the fiscal 2012 which ended Dec 31, 2011.

The company said in a statement Tuesday that it had achieved an all-time record in quarterly sales of its iPhones, iPads and Mac computers.

Apple sold 37.04 million iPhones in the quarter, representing 128 percent unit growth year-on-year.

The company sold 15.43 million iPads during the quarter, a 111 percent unit increase year-on-year, and 5.2 million Macs, a 26 percent unit increase year-on-year.

"Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline,” said Tim Cook, Apple’s CEO.

According to unofficial sources, Apple may introduce two new iPad models in the next few weeks. Apple’s tablet computers dominate their segment, occupying about two-thirds of the world market.

“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,” said Peter Oppenheimer, Apple’s CFO.

DH Newsletter Privacy Policy Get top news in your inbox daily
Comments (+)