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Apple Q2 Earnings: $39.2B in Revenue, $11.6B in Profits, 35.1M iPhones sold

The time has come once again for Apple’s quarterly earnings call, and the number are as usual, staggering. During Q1, Apple brought in $39.2B in revenue, up from $24.7B in revenue year over year, with $11.6B in profits, up from $5.99B in profits year over year. The Cupertino-based company sold 35.1M iPhones, a 88 percent increase from the  year ago quarter. iPad sales are up year over year, with 11.8M devices sold during the quarter, up 151 percent year over year. Mac sales continue to trend up, as Apple sold 4M macs during the quarter, a 7 percent increase year over year. And as expected, iPod sales continue to drop with 7.7M iPods sold, down from 15 percent from this time last year.

In a statement, Apple CEO Tim Cook said,

We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. 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.”

CFO Peter Oppenhiemer stated,

“Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”

Press Release:

CUPERTINO, Calif.–(BUSINESS WIRE)–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.”

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