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Apple Reports All-Time Record Financial Results for 2011 Holiday Quarter

Apple Reports All-Time Record Financial Results for 2011 Holiday Quarter

Apple has just announced financial results for its first fiscal quarter of 2012, ending December 31, 2011.. The company reports all-time record quarterly revenues of $46.33 billion dollars, as well as all-time sales records for the iPhone, Mac, and iPad.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “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.”

Apple’s $46.33 billion in revenue is up nearly 58% from the same period one year ago. Apple also reported on their particular sales figures for the Mac, iPhone, and iPad:

Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.

This means that Apple is now selling 1 million iPhones every 3 days (over 37 million iPhones in the 2011 holiday quarter)- a pretty overwhelming number indeed! Also notable within the report is that Apple’s cash reserves have grown to a staggering $95.7 billion, including cash, as well as short-term and long-term investments. That’s a lot of cash, and gives Apple a huge amount of power and flexibility.

This year is already off to a great start, and if Apple continues these sorts of growth patterns, 2012 will be one hell of a great year for Apple!

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