Apple today
announced financial results for the first calendar quarter of 2012 and second fiscal quarter of 2012. For the quarter, Apple posted revenue of $39.2 billion and net quarterly profit of $11.6 billion, or $12.30 per diluted share, compared to revenue of $24.67 billion and net quarterly profit of $5.99 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, and international sales accounted for 64 percent of the quarter's revenue. Apple's quarterly profit and revenue were both company records for the March quarter.
Quarterly iPhone unit sales reached 35.1 million, up 88 percent from the year-ago quarter, and the company sold 11.8 million iPads during the quarter, up 151 percent year-over-year. Apple sold 4 million Macintosh computers during the quarter, a unit increase of 7 percent over the year-ago quarter. The company sold 7.7 million iPods, representing 15 percent unit decline year-over-year.
"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's guidance for the third quarter of fiscal 2012 includes expected revenue of $34 billion and earnings per diluted share of $8.68.
Apple will provide
live streaming of its Q2 2012 financial results conference call at 2:00 PM Pacific, and
MacRumors will update this story with coverage of the conference call highlights.
Conference Call Highlights
- Very pleased to report results of our outstanding fiscal quarters. New March quarter records for iPhone, iPad, Mac, profit and revenue.
- YoY increase fueled by growth in iPhone and iPad sales. Income up 94% YoY.
- New March quarter records for Desktops and Portables. Growth of 7% YoY compared to IDC's 2% growth for the PC market. 3-4 weeks of Mac channel inventory. Below target range of 4-5 weeks.
- Released developer preview of Mountain Lion during the quarter. Expect Mountain Lion to be available in "late summer"
- 7.7 million iPods vs 9 million a year ago. iPod Touch continues to account for more than half of iPods sold. 70% market share, iPod is top selling player in most countries tracked. 4-6 weeks of iPod channel inventory.
- Record results from iTunes store, $1.9 billion in revenue, up 35% YoY. Strong sales of music, video and apps. 28 million songs and 45,000 movies.
- 35 million iPhones vs 18.6 million YoY. Very strong iPhone sales growth in all segments, led by Asia Pacific and Japan where sales doubled YoY. Tremendous momentum in greater China. 5x iPhone sales YoY in China thanks to iPhone 4S and China Telecom.
- iPhone 4S in 100 countries and 230 carriers. 8.6 million iPhones in channel inventory, up 2.6 million units to 4-6 weeks of channel inventory.
- iPhone momentum in enterprise has evolved beyond email, calendar and contacts.
- iPad sales up 151% YoY. New iPad available in 40 countries.
- 2 Million iPads in channel inventory, below target range of 4-6 weeks.
- Sold 2 iPads for every Mac to US K-12 customers while also generating a record quarter for Mac sales. San Diego School District bought 10k iPads and plans to buy 15k more.
- Hopeful that iPad will be a popular choice going into school buying season.
- US Air Force is deploying thousands of iPads as pilot flight bags.
- Thousands of iPads are being deployed as mobile sales tools as well.
- 365 million cumulative iOS device sales, more than 50 million in March quarter.
- App Store has 600,000 apps, 200,000 for iPad.
- 25 billionth app sold less than 4 years after the launch of the app store.
- More than 125 million customers signed up for iCloud.
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