I have to hand it to Apple. In only a couple short years they’ve turned me from a nay sayer to a complete believer. I’ve never been happier with a suite of devices. I’ve purchased their iPhones, iPads, iPods, Apple Tvs, a MacBook Air, an iMac, and a Mac mini, and every time I’ve been completely satisfied and ready to buy the next best thing. Because that’s what they are – the best thing. And their latest Q2 2012 results prove that.
In the face of all nay sayers everywhere ( even here ), Apple posted their second best quarter ever (only second to the one just past – Q1 2012).
35.1 Million iPhones were sold
11.8 Million iPads
4 million Macs
$39 Billion in revenue and $11.6 Billion in Profit.
They have over $110 Billion in cash.
Yep. They’re a failing company alright. lol
Their stock is up over 9% in pre trading.
Here’s a small excerpt from their earnings statement which you can read here.
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.