Apple Hits Record Profits In Q1 2012, Sells Over 100% More Of The iPhone And iPad
Apple isn’t letting up anytime soon and they remain one of the most successful tech companies on the planet. The company announced their earnings, among other things, for the first fiscal quarter of 2012.
Basically, they blew past all estimates and managed to do incredibly well, breaking many previous records both in terms of profits, revenue, and devices sold. With the release of the iPhone 4S back in October and success of the iPad 2, it’s really no surprise that the company managed to pull off another great quarter.
Increasing interest in the devices and their strong brand presence, fueled the growth.
“Apple today announced its earnings for its first fiscal quarter of 2012. Apple’s revenue amounted to $46.33B in Q1. With earnings of $13.87 per share. The company’s net profit in Q1 was $13.06B. These numbers destroyed industry estimates across the board in every area of hardware sales and profitability aside from iPods.”
“Apple sold 37.04M iPhones, up 128% year over year, and 15.43M iPads this quarter, up 111% year over year. Apple sold 5.2M Macs during the quarter, bringing sales up 26% when compared to the same quarter a year ago. iPod sales were down 21%.”
It’s interesting to note that sales of the iPod continue to go down. More people are opting for the smartphone as it does everything the Touch does, as well as, uhh, you can make phone calls.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
Is Apple too big to fail?
