Apple’s Q2 Earnings in a Nutshell
Apple's Q2 Earnings in a NutshellApple exceeded their expectations for this fiscal quarter, announcing $39.2 billion in revenue with a quarterly net profit of $11.6 billion.
Apple reported an 88% unit growth in iPhone sales with 35.1 million devices being sold. iPads saw a 151% unit growth with 11.8 million devices sold, Macs saw a 7% increase with 4 million sold, and iPods unfortunately saw a decline of 15% with only 7.7 million sold.
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Apple’s CEO Tim Cook.
“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 Apple’s CFO Peter Oppenheimer.
“Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”
The report was released shortly before this afternoon’s Q2 20120 finanical results conference call. Apple will provide live streaming of the call at 5pm EST on April 24, 2012 at www.apple.com/quicktime/qtv/earningsq212.
If you miss the webcast, it will be available for replay in two weeks.
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