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Apple profits soar as iPad and iPhone sales rise in Q1 2012

by Steven Williamson on 25 January 2012, 09:04

Tags: Apple (NASDAQ:AAPL)

Quick Link: HEXUS.net/qabbrz

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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.


Consumers 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.



HEXUS Forums :: 13 Comments

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Shows how much people are prepared to pay over the odds really doesn't it.
Before I get flamed I'm not having a go at Apple par se, but they are making extremely large profits compared to everyone else with arguably lower performance parts.
3dcandy
Shows how much people are prepared to pay over the odds really doesn't it.
Before I get flamed I'm not having a go at Apple par se, but they are making extremely large profits compared to everyone else with arguably lower performance parts.


Apple are the masters of selling a product, not a box full of parts.
My first thoughts were:

1. They can afford to pay their workers / manufacturers more
2. Are they getting lazy? Could they have put better spec'd devices together?
3. Wow a lot of people are buying Apple stuff, presumably on credit.

Answers to these thoughts

1. Why bother
2. Why bother
3. Yup… Apple's marketing team are pretty incredible at selling people stuff they don't need; the tablet market still amazes me, I'm still yet to find the USP of a tablet :)
Apple will make things, people will buy them, if enough people buy them at a certain price then who are we to argue with Apple selling them.

Granted I dont like the attitude of the company but if they are making money hand over fist then why would they want to change?
Microsoft actually has higher margins than Apple!

Apple made around $13 billion on $46 billion of sales in the last quarter.

Microsoft had a worse last quarter than the last,and still made $6.5 billion on sales of $20 billion.