Apple Reports Best Quarter Ever in Q1 2012: $13.06 Billion Profit on $46.33 Billion in Revenue
Apple today announced financial results for the fourth calendar quarter of 2011 and first fiscal quarter of 2012. For the quarter, Apple posted revenue of $46.33 billion and net quarterly profit of $13.06 billion, or $13.87 per diluted share, compared to revenue of $26.7 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent, compared to 38.5 percent in the year-ago quarter, and international sales accounted for 58 percent of the quarter's revenue. Apple's quarterly profit and revenue were both company records.
Apple shipped 5.2 million Macintosh computers during the quarter, a unit increase of 26 percent over the year-ago quarter. Quarterly iPhone unit sales reached 37.04 million, up 128 percent from the year-ago quarter, and the company sold 15.4 million iPods during the quarter, representing 21 percent unit decline over the year-ago quarter. Apple also sold 15.43 million iPads during the quarter, up 111 percent over the year-ago quarter. Apple set new company records for iPhone, iPad, and Mac sales during the quarter.
“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.”Apple's guidance for the second quarter of fiscal 2012 includes expected revenue of $32.5 billion and earnings per diluted share of $8.50.
Apple will provide live streaming of its Q1 2012 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.
Conference Call Highlights
- Highest quarterly revenue and earnings in Apple history.
- Numerous new records for quarterly iPhone, iPad, and Mac Sales
- Extremely pleased with momentum of the business
- Sales aided by inclusion of 14th week in the quarter.
- Net income increased 118% year-over-year, equal to half of net income generated over all of fiscal 2011
- Set new records for desktops and portables, up 26% year-over-year versus 0% growth for entire PC industry
- Mac sales outgrew the market in all geographies, particularly in Asia-Pacific
- Very strong growth of MacBook Pro and MacBook Air
- 3-4 Weeks of Mac Channel Inventory
- Mac App Store a great success, 100 million downloads in the first year
- 15.4 million iPods vs 19 million in year-ago quarter. iPod Touch accounts for more than half of iPods sold. iPod market share remains over 70% according to NPD.
- Ended quarter with 4-6 weeks of iPod channel inventory.
- iTunes Store generated $1.7b of revenue. 20 million song catalog. iTunes customers "amazingly busy" on Christmas, more than 140 million downloads on December 25
- iPhone represented 124% year-over-year growth vs 40% growth for industry according to IDC.
- Royal Dutch Shell, Credit Suisse, Covidian, Nike, Facebook, among others, rolling out iPhone across the enterprise.
- iPad revenue up 99% year-over-year.
- iPad sales exceeded expectations, sell through exceeded sell-in by 200,000 units. 4-6 weeks of channel inventory.
- Enterprise actively using iPad with custom apps.
- 1.5 million iPads are in use across educational institutions.
- 315 million cumulative iOS device sales. 62 million in December quarter.
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http://www.macrumors.com/2012/01/24/apple-reports-best-quarter-ever-in-q1-2012-13-06-billion-profit-on-46-33-billion-in-revenue/
