Apple Reports Results for Q2 2012: $11.6 Billion Profit on $39.2 Billion in Revenue
Apr 24, 2012 1:35 pm PDT by Jordan Golson
Apple today announced financial results for the first calendar quarter of 2012 and second fiscal quarter of 2012. For the quarter, Apple posted revenue of $39.2 billion and net quarterly profit of $11.6 billion, or $12.30 per diluted share, compared to revenue of $24.67 billion and net quarterly profit of $5.99 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, and international sales accounted for 64 percent of the quarter's revenue. Apple's quarterly profit and revenue were both company records for the March quarter.


Quarterly iPhone unit sales reached 35.1 million, up 88 percent from the year-ago quarter, and the company sold 11.8 million iPads during the quarter, up 151 percent year-over-year. Apple sold 4 million Macintosh computers during the quarter, a unit increase of 7 percent over the year-ago quarter. The company sold 7.7 million iPods, representing 15 percent unit decline year-over-year.
“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

Apple's guidance for the third quarter of fiscal 2012 includes expected revenue of $34 billion and earnings per diluted share of $8.68.


Apple will provide live streaming of its Q2 2012 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Market check: Apple’s (AAPL) premarket gains are pointing to what would be the biggest impact ever on the S&P 500, writes Standard & Poor’s index analyst Howard Silverblatt, based on limited historical data. The gains translate to roughly 5 points in the S&P 500, or 0.39%. Meanwhile, that crunching sound you hear is the short squeeze among short-term traders who bet against the stock.

Apple Inc. reported a strong jump in earnings for its third fiscal quarter on Tuesday, but the company missed Wall Street's expectations for the period on lower-than-expected sales of the iPhone.

For the quarter ended June 30, Apple reported net income of $8.8 billion, or $9.32 per share, compared to net income of $7.3 million, or $7.79 per share, for the same period the previous year. Revenue jumped nearly 23% to $35 billion. Analysts were expecting earnings of $10.35 per share on revenue of $37.2 billion, according to consensus estimates from FactSet. Apple said it shipped 26 million iPhones during the quarter and 17 million iPads. Mac shipments were 4 million units.

Although Apple’s sales and earnings fell short of estimates on Tuesday, the bigger news could be the company’s weak forecast for the current quarter.

The company predicted a further drop in sales and earnings in the current quarter, with revenue of about $34 billion and per-share earnings of $7.65, both figures way below what Wall Street had been anticipating.

Apple is known for its conservative guidance, but the numbers are even low by Apple standards.

Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the Company’s common stock. The dividend is payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.