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Tuesday, January 24, 2012

Results from Apple reveal highest quarterly revenue ever

Apple has announced financial results for the first quarter of its 2012 financial year; the 14-week period that ended on 31st December 2011. Quarterly revenue reached a record $46.33 billion (£29.66 billion) with record quarterly net profit of $13.06 billion.

The company sold 37.04 million iPhones in the quarter (up 128% year-on-year) and 15.43 million iPads (up 111% year-on-year), along with 5.2 million Macs (up 26%) and 15.4 million iPods (down 21%). Devices are getting cheaper to produce, too; Apple’s gross margin was 44.7%, compared to 38.5% a year ago.

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

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Author: The Fonecast
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Tags: apple ipad iphone

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