Apple beats the analysts’ estimates with its strongest Q2: $39.2B revenues and $11.6B profit

Apple announced Tuesday, April 24 the financial results for the second fiscal quarter of 2012, which ended March 31, 2012. Q2 resulted in quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per share.

The company sold 35.1 million iPhones, 11.8 million iPads, 4 million Macs and 7.7 million iPods, reaching at $105.9 billion total assets, numbers of which CEO Tim Cook and CFO Peter Oppenheimer are proud:

“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.”

Overall, Apple’s cash pile stands at $110 billion with total assets of $105.9B and total shareholders equity of $102.4B. “Infinite Loop” indeed! The conference call detailed the sources of the revenues: 58% were due to the iPhone sales, which dropped 5.5% over the quarter, 17% for the iPad sales and 13% for the Mac sales. The rest of the profit was fetched by iPod sales, iTunes and iCloud.

With such a mind-blowing cash pile I reckon that Apple may consider developing also a billion counting device.

Source: MacRumors,

Leave a Reply

Your email address will not be published. Required fields are marked *