Apple Reports Second Quarter Results

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Apple Reports Second Quarter Results
Tuesday, April 24, 2012
Posted by: Staff

Apple today announced financial results for its fiscal second quarter ending on March 31st, 2012. The company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. Gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter's revenue.

"We're thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter," said Tim Cook, Apple's CEO. "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."

Apple sold 4 million Macs during the quarter, representing a 7 percent unit increase over the year-ago quarter. They also sold 35.1 million iPhones, 11.8 million iPads and 7.7 million iPods during the quarter.



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