The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. 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 CEO, in the press release. “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.”
“Our record March quarter results drove $14 billion in cash flow from operations,” said Peter Oppenheimer, Apple’s CFO, in the press release. “Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”
Apple will provide live streaming of its Q2 2012 financial results conference call beginning at 2:00 p.m. PDT on April 24, 2012. MacDailyNews will cover the call with live notes in our next article (see home page).
Analysts’ consensus estimate called for $10.04 a share on revenue of $36.8 billion according to Thomson Reuters I/B/E/S. Analysts also expected around 30 million iPhones and 13 million iPad units to be sold. Analysts’ expectations for gross margins were around 43%.
In after-hours trading at 4:47pm EDT, AAPL is up $39.22 to $599.50.
MacDailyNews Take: Boom!
And all of the faux “concern” evaporates until next time while the SEC remains fast asleep.