Apple’s CFO: iTunes Store Generates $1.9 Billion, Retail Revenue OF $4.4 Billion, 18,000 Retail Store Visits Every Week

Posted on Apr 24 2012 - 9:41pm by Editorial Staff

With the recent announcement of a “biggie” Q2 2012 financial result, Apple CFO Peter Oppenheimer stated that the company’s iTunes store generated $1.9 billion, up 35% year over year. Apple sees about 18,000 retails visitors to each of its retail stores per week. Apple’s retail store had a huge quarter, second only to the holiday sales season of Q1. Total retail revenue was $4.4 billion, up 38% from last year. The app store now offers 600,000 apps, with 200,000 apps just for the iPad.

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.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.