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Apple reports Q2 results ($11.6 billion profit/$39.2 billion revenue)

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3

3N16MA

Banned
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.”

Apple will provide live streaming of its Q2 2012 financial results conference call beginning at 2:00 p.m. PDT on April 24, 2012 at www.apple.com/quicktime/qtv/earningsq212. This webcast will also be available for replay for approximately two weeks thereafter.

This press release contains forward-looking statements including without limitation those about the Company’s estimated revenue and diluted earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company’s international operations; the Company’s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors, carriers and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 24, 2011, its Form 10-Q for the fiscal quarter ended December 31, 2011, and its Form 10-Q for the fiscal quarter ended March 31, 2012 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
Click to expand...

http://www.apple.com/pr/library/2012/04/24Apple-Reports-Second-Quarter-Results.html

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MacRumors



Big quarter is putting it lightly.
 
GraveRobberX

GraveRobberX

Platinum Trophy: Learned to Shit While Upright Again.
MotherofGod.jpg

Almost every other company is getting wrecked in this economy, Apple just trolling the Industry

When is this incline going to plateau or decline?, it just keeps climbing, it's unreal
 
Keylime

Keylime

ÏÎ¯Î»Ï á¼Î¾ÎµÏÎγλοÏÏον καί ÏεÏδολÏγον οá½Îº εἰÏÏν
That's well below most estimates, but above Apple's guidance if I'm remembering things right....right?

Edit: Just checked, was on the low end for individual estimates, but above just about all reasonable institutional estimates.
 
T

The Dutch Slayer

Member
Please Apple Please, just go be a wired and wireless ISP already the USA really really needs competition.

I know it would be a bad investment but for the consumers it would be great.
Also go buy Greece or something :p
 
L

LCfiner

Member
It’s kinda blowing my mind that iPods - still the most popular music players around - only account for 3% of the revenue mix.

And Apple’s iPhone revenue is shockingly disproportionate to all other products. almost 60% of their revenue is iPhone. that’s staggering. I wonder who the mix will look in, say, 3 more years.
 
GraveRobberX

GraveRobberX

Platinum Trophy: Learned to Shit While Upright Again.
Teh Hamburglar said:
Can you imagine how many hookers that could buy?
Click to expand...

They can buy all of South America's Hookers and give them away to every Secret Service Agent for the next 1000 years, and still have money left over

If this is Apple right now with their product line, a new iPhone 5 + Mini-iPad is gonna do fucking gangbusters, I think they might have $150 Billion in Cash by end of this/next year... HOLY FUCK!
 
T

Tobor

Member
LCfiner said:
It’s kinda blowing my mind that iPods - still the most popular music players around - only account for 3% of the revenue mix.

And Apple’s iPhone revenue is shockingly disproportionate to all other products. almost 60% of their revenue is iPhone. that’s staggering. I wonder who the mix will look in, say, 3 more years.
Click to expand...

I think iPad will have swallowed up a big chunk of the remaining Mac sales in three years. Of course, in three years, we might have TV's in the mix as well.
 
L

low-G

Member
I used to hate Apple then I bought an iPhone and became a Apple mindslave. No kidding. Complete market saturation is coming.
 
Keylime

Keylime

ÏÎ¯Î»Ï á¼Î¾ÎµÏÎγλοÏÏον καί ÏεÏδολÏγον οá½Îº εἰÏÏν
-Pyromaniac- said:
The best part about this news is you know that deep down it's bothering carriers...sort of.
Click to expand...
More than likely because I submit that Apple will be buying one of them outright or directly creating a competing network in the not too distant future.

Book it.
 
T

The Dutch Slayer

Member
-Pyromaniac- said:
The best part about this news is you know that deep down it's bothering carriers...sort of.
Click to expand...
Ow not sort of but its pretty clear they feel completely helpless here.

People do not want to pay more than $200 for a new iphone in the USA, but AT&T still has to pay $600, the $400 difference AT&T has to pay up front and gets back after 1.5 years or so on fees from consumers.
They hate this.
 
L

LCfiner

Member
Tobor said:
I think iPad will have swallowed up a big chunk of the remaining Mac sales in three years. Of course, in three years, we might have TV's in the mix as well.
Click to expand...

I’d agree with that. What I’m wondering is if the percentages even out a bit. so, let’s say revenue keeps going up but iPhone sales become, say, 40% of Apple’s revenue and the iPad is 30% and Macs around 10% and then other.

I’m not predicting that, I’m just giving an example.

I suppose I’m just concerned that if iPhone continues to be 60% of the company’s revenue for a long period of time, they could become a little too one dimensional.
 
T

Talon

Member
So they sold a lot of iPhones.
The Dutch Slayer said:
Ow not sort of but its pretty clear they feel completely helpless here.

People do not want to pay more than $200 for a new iphone in the USA, but AT&T still has to pay $600, the $400 difference AT&T has to pay up front and gets back after 1.5 years or so on fees from consumers.
They hate this.
Click to expand...
Remember when the RAZR cost over $400 for...years. On contract. Jesus.
 
C

Cheebo

Banned
LCfiner said:
It’s kinda blowing my mind that iPods - still the most popular music players around - only account for 3% of the revenue mix.

And Apple’s iPhone revenue is shockingly disproportionate to all other products. almost 60% of their revenue is iPhone. that’s staggering. I wonder who the mix will look in, say, 3 more years.
Click to expand...
iPads growth has it on pace to be the primary revenue source most likely
 
S

sk3

Banned
Not surprised it's lower than some estimates. Lots of people have been waiting for the next MBP/MBA/iMac updates, including me. Ivy Bridge is to blame, it seems some analysts didn't get the memo.
 
T

Talon

Member
59% year-over-year growth.

Mother of God.
sk3 said:
Not surprised it's lower than some estimates. Lots of people have been waiting for the next MBP/MBA/iMac updates, including me. Ivy Bridge is to blame, it seems some analysts didn't get the memo.
Click to expand...
7% growth over Mac sales in the same quarter last year.
 
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