Apple again reports record revenue and profits
- 25 January, 2012 09:32
Revenues for the quarter ending Dec. 31 were $46.33 billion, a new record, as was the quarterly net profit of $13.06 billion, or $13.87 per diluted share. By comparison to one year ago, revenue then was $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share. Gross margin was 44.7% compared to 38.5% in the year-ago quarter.
In striking evidence of the reach of Apple's brand, international sales accounted for 58% of the quarter's revenue.
Apple sold 37 million iPhones in its first quarter. That is a 128% increase in unit growth over a year ago. In the same period, Apple sold 15.43 million iPads, a 111% increase compared to the previous year's quarter. Mac sales also increased again: 5.2 million Macs for the quarter, a 26% increase over the year-ago period. Only iPod sales were down: 5.4 million, a decline of 21%.
Peter Oppenheimer, Apple's CFO, reported that Apple generated more than $17.5 billion in cash flow from operations during the December quarter. He projected second-quarter revenue of about $3.5 billion.
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