CUPERTINO, California—April 24, 2012—Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012.
That was nearly double the net income of $6 billion, or $6.40 per share, a year ago.
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 announced it actually sold 35.1 million iPhones in the quarter, only 5.1 percent less than the record 37 million total set in the previous quarter, when the iPhone 4S made its debut.
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.
We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s Chief Executive Officer. “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.
The stores sell Macintosh personal computers, software, iPods, iPads, iPhones, third party accessories, and other consumer electronics such as Apple TV.
“Our record March quarter results drove $14 billion in cash flow from operations,” said Peter Oppenheimer, Apple’s CFO.
The results were likely due to overseas sales; “International iPhone sales were on fire,” Apple Chief Financial Officer Peter Oppenheimer told Reuters.
Sean Brierley is a business journalist based in Hobart, Australia. Sean has a passion for financial markets and breaking news stories and loves writing about business news, stock market, and economic opinions that matters most to its audience. Sean spends a lot of time discovering and researching latest financial markets and industry news stories in order to make sure the latest and greatest stories are brought to you first on BigBoardNews.com.