Apple earnings blowout! (April 24, 2012 2nd quarter report)
Heloise had to sell a couple of shares of Apple because she wanted a taste of SPLUNK which I managed to get at 32.00/share but wanted a few more. Apple has taken a nose dive as well as Google. But I am bullish on both. Here’s the report below and the link:
Apple Reports Second Quarter Results
Net Profit Increases 94% Year-over-Year
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.”
- Apple stock still slips ahead of Q1 earnings report (vator.tv)
- Apple’s Quarterly Earnings Report: What To Expect (webpronews.com)