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Apple Posts Record Quarterly Earnings, Revenue

24 Jan, 2012 By: Erik Gruenwedel



Citing all-time record sales of the iPhone, iPad and Mac computers, Apple Jan. 24 said it recorded its biggest-ever quarterly revenue ($46.3 billion) and net income ($13 billion).

The Cupertino, Calif.-based technology giant said first-quarter (ended Dec. 31) results compared to revenue of $26.7 billion and net profit of $6 billion, in the year-ago quarter.

Apple sold 37 million iPhones in the quarter, representing 128% unit growth over the year-ago quarter. Apple sold 15.4 million iPads during the quarter, a 111% unit increase over the year-ago quarter. The company said it sold 5.2 million Macs during the quarter, a 26% unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21% unit decline from the year-ago quarter.

CEO Tim Cook, in a statement, said Apple has “some amazing new products in the pipeline.” Indeed, CFO Peter Oppenheimer said he expects second quarter revenue of $32.5 billion.
 


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