Apple Q1 results hit $46.33B in revenue, top forecasts
updated 04:40 pm EST, Tue January 24, 2012
Company achieves 'record' iPhone, iPad, Mac sales
Apple has announced the results of its first fiscal quarter, which ended December 31st. The company is reporting a massive $46.33 billion in revenue, with a net profit of $13.06 billion, or $13.87 per diluted share. In comparison, Apple achieved revenue of just $26.74 billion in Q1 2011, with a net profit of $6 billion, or $6.43 per diluted share.
iPhone sales reached 37.04 million units, up 128 percent year-over-year. iPads numbers shot up 111 percent to 15.43 million, while Macs grew 26 percent to 5.2 million. iPods continued a persistent decline, sliding 21 percent to 15.4 million.
"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," reads a prepared statement by Apple CEO Tim Cook.. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."
Apple CFO Peter Oppenheimer indicates that the company produced over $17.5 in operational cash flow, and that for Q2 2012, the company is guiding to $32.5 billion in revenue, with earnings per share of $8.50.
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