Thursday, February 9, 2012

Apple Q1 2012 Results Obliterate Expectations

From the Huffington Post



Apple has posted impressive quarterly earnings for the 14-week period ending on December 31, 2011.

According to a press release, the company reported a quarterly revenue of $46.33 billion, as well as a quarterly net profit of $13.06 billion, or $13.87 per diluted share, the company's best quarterly results yet.

"These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter," per the release.

The Verge reports on the company's record-shattering iPhone, iPad and Mac sales, writing, "Apple sold an astonishing 37.04 million iPhones, 15.43 million iPads and 5.3 million Macs during the quarter, which represent increases of 128 percent, 111 percent, and 26 percent from last year. That's 2m more phones sold than Samsung shipped last quarter, which is astonishing."

In a statement accompanying the news, Apple CEO Tim Cook said, “We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs. [...] Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

The full article is available at HuffingtonPost.com

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