Apple has reported 94% increase in Net profit Year-over-Year in their earnings for Q2 2012 that ended March 31, 2012. The company has reported a revenue of $39.2 billion with a net profit od $11.6 billion. The international sales in this quarter is 64% of the quarter’s revenue. They sold 35.1 million iPhones, 11.8 million iPads, 7.7 million iPods and 4 million Macs during the quarter.
The iPhone has seen 88% unit growth over the year-ago quarter. The launch of the New iPad boosted the sales that increased the unit sales to 151% compared to over the year-ago quarter, while the iPod sales has seen 15% unit decline Year-over-Year.
Press Release
CUPERTINO, California—April 24, 2012—Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. Gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.
The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.
“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.”