Apple has reported 94% increase in Net profit Year-over-Year in their earnings for Q2 2012 that ended March 31, 2012. The company has reported a revenue of $39.2 billion with a net profit od $11.6 billion. The international sales in this quarter is 64% of the quarter’s revenue. They sold 35.1 million iPhones, 11.8 million iPads, 7.7 million iPods and 4 million Macs during the quarter.
The iPhone has seen 88% unit growth over the year-ago quarter. The launch of the New iPad boosted the sales that increased the unit sales to 151% compared to over the year-ago quarter, while the iPod Sales has seen 15% unit decline Year-over-Year.
Press Release
CUPERTINO, California—April 24, 2012—Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 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.The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.“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.”“Our record March quarter results drove $14 billion in cash flow from operations,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”
