Apple reports first quarter results:
Apple today announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
tl;dr:
Sales of $46.33 billion, $13 billion in profit, 37 million iPhones, 15.4 million iPads
And some people thought the “hobby analysts” were crazy when they called numbers like the ones below:
Oh, and Samsung with their gazillion variations of different smartphones just got removed from its supposed first place with an estimated number of 35 million phones shipped by a company that’s currently only offering three models and sold 37 million of those.
That iPhone 4S. Remember how nobody was going to buy it?
And for some perspective:
Apple’s profits ($13 billion) exceeded Google’s entire revenue ($10.6 billion).
— Farhad Manjoo (@fmanjoo) January 24, 2012