Apple Q1 2012 results: record just about everything


  • 46.3 billion in revenue
  • 13.06 billion in net income
  • 97.6 billion in liquid assets
  • 17.5 billion in cash flow
  • Americas, Japan, iPad and iPhone showing huge growth
  • Macs: 5.2 million
  • iPhones: 37 million
  • iPads: 15.4 million
  • iPods: 15.4 million
  • Massive beat to Wall Street consensus estimates proving them once again useless

iPhone and iPad showing huge growth. iPhone 133 % y-on-y and iPad 99 %.

Japan and Americas delivering huge growth.

Interestingly the net income exceeds even all previous gross margin figures. Over 13 billion USD in net profit in one quarter.

And lastly the liquid assets that are approaching 100 billion USD.

From the press release:

CUPERTINO, California—January 24, 2012—Apple® today announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. 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. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.

The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.

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

“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”


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