Apple has reported better than expected results for the first quarter of fiscal 2012 revealing a record net profit of $13.06 billion, more than double the amount reported in the same period last year.
In the three months leading up to the end of December 2011, Apple confirmed it had sold 37.04 million iPhones and 15.43 million iPad tablets, a 110 percent increase year-on-year. Revenue surged past the estimate from Wall Street analysts of $38.91 billion to $46.33 billion, jumping by 73 percent. 5.2 million Mac computers were also sold, 26 percent up year-on-year. The only product that didn’t do well was the iPod, with 15.4 million units sold, a decrease of 21 percent.
go mad for the iPad over the Christmas period
During a conference call, CFO Peter Oppenheimer said: “We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter. Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”
With the iPhone 5 expected to be released in 2012, and the possible introduction of a next-generation iPad, 2012 once again looks to be a strong year for the California-based company, though a host of new Android tablets are also on their way hoping to upset the Apple cart, including the reasonably-priced Amazon Kindle Fire.
You can read full details of the results in the official press release.