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Apple Posts Record Earnings, $39.2B Revenue for Q2 2012

Apple Posts Record Earnings, $39.2B Revenue for Q2 2012

Apple has just announced their Q2 2012 financial results for the period ending on March 31,2012, revealing a record quarterly revenue of $39.2 billion, and raking in a healthy $11.6 billion in profits. These quarterly results are second only to their holiday 2011 quarter, which set an all-time record for revenues and profits.

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.

By contrast, Apple posted $25 billion in revenue in Q2 2011, making this a pretty serious year-over-year increase for Apple. It’s been a pretty impressive quarter for sales as well Some highlights from the press release include:

  • 35.1 million iPhones sold in this quarter alone (88% year over year increase)
  • 11.8 million iPads (151% year over year increase)  percent unit increase over the year-ago quarter)
  • 7.7 million iPods (15% year over year decrease)
  • 4 million Macs (5% year over year decrease)

Apple’s investors have responded enthusiastically, driving Apple’s stock up nearly 42 points in after-hours trading (a nearly 8% increase!). As usual, it looks like sunny pastures for Apple as they continue to see strong sales of all of their product lines, and particularly the iPhone and iPad.

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