Apple can thank the new iPad, as well as strong sales of both the iPhone and Mac, for nearly doubling its profit for the fiscal second quarter.
Did you happen to catch the webcast on Apple’s second quarter earnings we talked about previously? Apple executives proudly announced to the world their financial results for the second quarter of 2012. Hold on to your cotton socks, I’m going to throw some big numbers at you!
Apple posted a revenue of $39.2 billion and a net quarterly profit of $11.6 billion i.e. $12.8 per diluted share. Last year, during the same quarter, the company had a revenue of $24.7 billion and a net quarterly profit of $6 billion i.e. $6.4 per diluted share Overall, the gross margin was 47.4 percent during the current quarter while last year the gross margin was 41.4 percent. Interestingly, international sales made up 64 percent of 2012’s second quarter.
Here’s some interesting statistics on how many apple products were sold this quarter compared to last:
- 4 million Macs Sold – 7% increase from last year
- 35.1 million iPhones Sold – 88% increase from last year
- 7.7 million iPods Sold – 15% decline from last year
- 11.8 million iPads Sold – 151% increase from last year
Of course Tim Cook, Apple’s CEO, is “thrilled” with all of the increases. He adds, “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.” ahem, the new iPhone 5? Let’s hope so!
Apple’s CFO, Peter Oppenheimer, reported, “Our record March quarter results drove $14 billion in cash flow from operations. Looking ahead to the third fiscal quarter, we expect a revenue of about $34 billion and diluted earnings per share of about $8.68.”
What would you do with that kind of cash Apple fans? Invent the next iPhone? Design some cool apps? Our D.i.D. Doctor of iDevices are interested in hearing from you in the comments below!
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