Apple’s Second Quarter Earnings By The Numbers

Posted on Apr 25 2012 - 4:26am by Editorial Staff

Apple posted financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted whooping 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.

Here is a breakdown of some key numbers for the quarter:

  • 47.4 percent gross margin, compared to 41.4 percent in the year-ago quarter.
  • 64 percent of the quarter’s revenue in international sales.
  • 35.1 million iPhones sold, representing 88 percent unit growth over the year-ago quarter. Said CFO Peter Oppenheimer: Earnings were powered “by fantastic iPhone sales.”
  • 11.8 million iPads, a 151 percent boost from a year ago. “[We] can’t make enough” iPads, said Oppenheimer. “[We’re] selling as fast as we can make them.”
  • 4 million Macs sold during the quarter, a 7 percent unit increase over the year-ago quarter.
  • Retail store sales of $4.4 billion up 38 percent from a year ago. Apple now has 363 stores, nearly a third of them outside of the United States.
  • 826,000 Macs sold in Apple retail stores, and more than half were to first time Mac users. It opened two stores, one in Amsterdam and one in Houston. Stores saw 85 million visitors in the quarter, accounting for an average of 18,000 per week.
  • $7.9 billion in sales in China during the quarter.
  • iPod sales fell 15 percent to 7.7 million units; iPods now make up 70 percent of the MP3 player market.
  • Apple revenues in Spain grew “materially less than we grew in Europe or worldwide,” said Cook, adding that “Spain is just in a terrible economic situation.”
  • iTunes Store: $1.9 billion in revenue — that’s up 30 percent year over year, Oppenheimer says. There are now 28 million songs in the iTunes Store, which had 85 million visitors during the quarter, up from 71 million a year ago.
  • 600,000 apps in the App Store, with more than 200,000 just for the iPad.
  • Sold more than 50 million iOS devices in the quarter.
  • 125 million users around the world on iCloud.
  • $14 billion in cash flow from operations during the quarter.
  • $110.2 billion in cash at the end of the March.
  • Apple shares trade more than 4.8 percent higher after hours, cracking the $600 mark.

Apple traded last at $560 per share with -11.42 (-2.00%).

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Editorial Staff

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