updated 04:50 pm EDT, Tue April 24, 2012
iPhone, iPad sales see high growth
Apple has announced the results of fiscal second quarter, which ended in March. Revenue pushed ahead to $39.2 billion, generating $11.6 billion in net profits, or $12.30 in earnings per share; the figures compare against Q2 2011 totals of $24.7 billion, $6 billion, and $6.40, respectively. Gross margin grew from 41.14 percent to 47.4 percent year-over-year, and Apple notes that international sales in the recent quarter represented 64 percent of revenue.
iPhone sales rose 88 percent year-over-year to 35.1 million, while iPads were up 151 percent to 11.8 million. Mac sales inched ahead 7 percent to 4 million, while the iPod continued its steady decline, slipping 15 percent to 7.7 million.
"Our record March quarter results drove $14 billion in cash flow from operations," reads a prepared statement by Apple CFO Peter Oppenheimer. "Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68."
More details of Apple's results are expected shortly, particularly in an imminent live conference call.