Apple Net Profit More than Doubled 2012 1st Quarter

[Sir iAco]

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Some details from the latest quarter (September 25th to December 31st, 2011):

The Cupertino tech giant reported a boost in sales of iPads, iPhones and Mac computers (but not iPods), pushing it into a record quarterly revenue of $46.33 billion and $13 billion in profit for the first quarter of the company's 2012 fiscal year.

Let's take a closer look at Apple's huge numbers for the quarter ended Dec. 31, which showed strong holiday sales and sent shares in the company up 8% after the markets closed Tuesday.

Cash balance -- One major number to note from Apple's earnings report, as mentioned in its earnings call, is that the company has a cash balance of $97.6 billion, up from $81 billion a year ago.

That's a massive amount to be sitting in the bank and it's a sum Apple will spend in part on developing new products that will help it remain competitive against rivals such as Samsung, Sony, HTC and Motorola.

Revenue -- Apple racked up $46.33 billion in sales in the 14-week quarter, which is up from $26.74 billion in the same quarter a year ago.

Profit -- The tech giant reported a $13-billion profit last quarter, which is more than double the profit the company reported for its first fiscal quarter of 2011.

IPhones -- Apple sold 37.04 million iPhones in the last three months of 2011, which marks 128% growth from a year earlier, when the company sold 16.25 million iPhones.

IPads -- Sales of the ever-popular Apple tablet grew 111% when compared to the year-earlier quarter, with 15.43 million iPads sold for the company's fiscal 2012 first quarter versus 7.33 million iPads sold in the first quarter of 2011.

IPods -- The iPod isn't dead yet, but it is on the decline. Apple sold 15.4 million iPods last quarter, down 21% from 19.45 million iPods sold a year earlier.

Mac computers -- Apple's Mac line of desktop and laptop PCs -- which includes MacBooks, iMacs, Mac Minis and the Mac Pro -- saw a 26% increase in sales from the year-ago quarter, with 5.2 million Macs sold in the first fiscal quarter of 2012 and 4.13 million Macs sold in the first fiscal quarter of 2011.

"Portables," which would include the MacBook Air and MacBook Pro laptops, made up the majority of Macs purchased, with 3.71 million units sold last quarter, up from 2.9 million sold a year ago. Apple sold 1.48 million desktops last quarter, up from 1.23 million sold a year earlier.

Looking ahead, Apple said Tuesday that it is projecting it will record about $32.5 billion in revenue in the second quarter of its fiscal year.

http://latimesblogs.latimes.com/tech...e-numbers.html

Awesome!

[fabuluscat]

Source: http://ph.news.yahoo.com/iphone-sale...012726484.html

Apple blew past forecasts and reported record quarterly net profit and revenue in the first quarter since the death of founder Steve Jobs, driven by strong sales of the new iPhone.

Apple said its net profit more than doubled in the first quarter of fiscal 2012 to a record $13.06 billion while revenue soared to an all-time high of $46.33 billion from $26.74 billion a year ago.

Earnings per share of $13.87 easily surpassed the $10.08 per share expected by Wall Street analysts.

Apple said it sold 37.04 million iPhones in the quarter which ended on December 31, up 128 percent from a year ago, and 15.43 million iPads, a 111 percent increase.
The California-based gadget-maker sold 5.2 million Macintosh computers in the quarter, up 26 percent, and 15.4 million iPods, a 21 percent decline from a year ago.

"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," Apple chief executive Tim Cook said in a statement.
"Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline," Cook said.

Apple's previous quarterly highs for iPhone, iPad and Macintosh sales were 20.34 million, 11.12 million and 4.89 million respectively.
Investors applauded the blockbuster quarter, sending Apple shares up 7.5 percent to $452.00 in after-hours trading.

It was the company's first full quarter without its visionary co-founder and chief executive Steve Jobs, who died of cancer a day after the October 4 launch of the iPhone 4S.

Jobs's widow, Laurene Powell Jobs, was a guest in the box of First Lady Michelle Obama as US President Barack Obama delivered his State of the Union address on Tuesday.

The hot-selling iPhone 4S was the "fastest iPhone rollout" in the company's history, Cook said in a conference call with financial analysts.

"We made a very bold bet on demand" but the company was "still short" in some markets due to pent-up demand, he said.

"As it turned out we didn't bet high enough," said Cook, who took over as CEO from Jobs in August.

Growth in iPhone sales in the United States and Japan was "great," he said. "We could not be happier.
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The fiscal 2012 first-quarter included a 14th week, the important holiday shopping week between Christmas and New Year's.

Apple said it ended the quarter with a cash pile of $97.6 billion, compared with $81.6 billion for the September quarter.

"We are actively discussing the best use of our cash balance," Peter Oppenheimer, Apple's chief financial officer, said in the conference call.

"We don't have anything to announce specifically today," he added.
Cook indicated the priority for iPhone expansion was China.

"We have a ton more energy in the China market today," he said.

The iPhone was sort of a "catalyst" in spurring sales of other Apple products, much like the iPod's "halo" effect on the Macintosh in 2003-2004, he said.

The iPad, which runs on Apple's operating software, is benefiting from competition among other tablets and there is even some "cannibalization" of Windows personal computers by the Apple tablet computer, Cook said.

"We're just going to innovate like crazy in this area," he said.

More than 55 million iPads have been sold since its launch in April 2010.
Apple's forecasts for the current quarter leaped over Wall Street expectations: $32.5 billion in revenue and earnings of $8.50 per share. The market had penciled in $32 billion and $8.03, respectively.

Apple's iCloud, launched a few months ago, now has more than 85 million subscribers.

That was an "incredible" response from customers that marked a fundamental shift in recognition of the need to have numerous devices integrated online, Cook said.

He said iCloud is "not a product, it is a strategy for the next decade."

[jcool]

Just wanted to share a good article on why the iphone will never be made in the USA and how operationally Apple is such a corporate success. enjoy!

http://www.nytimes.com/2012/01/22/bu...pagewanted=all

[fabuluscat]

Thanks jcool. nice Article...

[aajgb]

Just wanted to share a good article on why the iphone will never be made in the USA and how operationally Apple is such a corporate success. enjoy!

http://www.nytimes.com/2012/01/22/bu...pagewanted=all

Nice article, thanks for posting.

[elbert]

iPod sales down by 21% but still a hefty 15.4 million units. That's because they did not introduce any new iPod in 2011.

[Sir iAco]

Apple's quarter results visualized

This is not simple. It's rare. It was hard to have more faith in Apple before. And the hardest of all is to be consistent and let your winners ride.

http://t.co/CVJWBgHO

[Salaryman Ryan]

iPod sales down by 21% but still a hefty 15.4 million units. That's because they did not introduce any new iPod in 2011.

The very fact that Apple thrives in the US market that is undergoing a recession is quite a feat.

[Sir iAco]

Apple Has A Lot of Cash

What would you do with $97 billion in cash? While we may never know, Apple is currently pondering that question. This graphic explores some unique comparisons to put the world’s most valuable public company into perspective. Perhaps more money doesn’t necessarily mean more problems. Enjoy!

Click here to see the graphic!

[rbenzon]

I like infographics. Here's one about Apple.