Brace yourselves. This one’s a biggie:
Apple today announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO, in a statement. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”
Trading in AAPL shares has been halted in after-hours trading. Apple shares to resume trading at 4:50pm ET.
Apple will provide live streaming of its Q1 2012 financial results conference call beginning at 5:00pm ET which MacDailyNews will cover with live notes. Check our home page at 4:55-ish for the live conference call coverage.
According Thompson Financial, the analysts’ consensus called for $38.85 billion in revenue and $10.08 EPS.
On October 18, 2011, Peter Oppenheimer, Apple’s CFO, gave Q112 guidance of “revenue of about $37 billion” and “diluted earnings per share of about $9.30.”
MacDailyNews Take: Boom!
Apple now trading at $460!
… and overtakes Exxon as the most valuable company in the world.
To quote SJ:
“Oh wow! Oh wow!”
Maybe that’s what he was seeing, but not now, 10 years from now… 200 Bill in revenue and climbing quarter after quarter.
When Apple says more amazing products down the pipeline, you bet your butt it’s true. Unlike the Android me too POS group, which does nothing but COPY Apple.
Apple $466 after Market!!!
Neil Cavuto , “Fox business news” interrupted his show to announce the Apple numbers, with much admiration and WOW!
I cracked up when he said we (USA) need to turn the budget over to Apple,
Hey BLN, 37.04 iPhones sold and not a single one with a 4″ screen. God, how could Apple have made such a horrible mistake.
Maybe we should ask Tim Cook to resign. He obviously dosen’t have a single clue what he’s doing.
way beyond my biased apple optimism. DAMN!
Vavoom!!!!
BLOODBATH!!
CHEERS TO APPLE BEING THE BIGGEST ELECTRONICS COMPANY IN THE WORLD!
Gee it’s been 10 seconds longer this time before the usual “Apple is about to go extinct” pronouncements. This must have given the screamers pause. Finally the world is rewarding excellent quality.
AAPL beat SAMSUNG in smartphone handsets this quarter – MASSIVE!
$453 in after hours.
Did AAPL really blow it out of the water? I’m looking at Google Finance and I can’t see a thing…………
Microsoft reports record revenue of $20.9 billion
Hahahahahahaha, yeah. I’ll just leave it at that.
Google reports record revenue of $10.4 billion. Hahahahaha, yeah. I’ll also just leave it at that.
I admit I said Apple would miss some numbers and Wall Street would take it down on general principle. I guess they missed nothing.
I have to say that I was so wrong about Apple not being able to beat unreal expectations and would fizzle on earnings. I was out in the afternoon figuring I’d have to come home to some bad news and take it on the chin like last quarter but now I’m ecstatic that the stock actually went up as high as it did. Apple has so much reserve cash that it’s almost untouchable by most rivals. Apple could probably buy a carrier just for iPhones or something. I’m hoping they do some fearsome acquisition to put them smack in the corporate heap where Wall Street would have to give them some respect.
I guess when Steve Ballmer saw the amount of revenue Apple made and iPhone sales were as high as they were there was no way he could mention a rounding error unless it was in the billions of dollars range. Simply amazing. I’m in awe. I couldn’t believe Apple would pull off the “whisper numbers” as the numbers grew higher by the day. I guess there is going to be a lot more P/E compression from here on in. Wow! Best of luck to fellow shareholders.
Eat your words from yesterday $500 looming
Money, lots and lots of money, blows the FUD to smithereens. Outa the way, sniveling pipsqueaks! Apple’s rollin’ like a caisson full o’ cartridge belts, bound to take out your sorry asses!
“Apple’s momentum is incredibly strong, AND WE HAVE SOME AMAZING NEW PRODUCTS IN THE PIPELINE.
CAN’T WAIT.
These numbers are right in line with my comparison of the Apple Juggernaut with the campaigns of Alexander the Great. Right about now, he’s hacking the Gordian Knot and is looking forward to hacking Darius III.
Apt comparison. Darius outnumbered Alexander by a huge margin. But tactics and strategy won that day. “Here’s to the crazy ones!”
I don’t need a calculator to work out that AAPL just blew past Exxon-Mobil again.
But doing it precisely, the company is now worth over $422 billion. Which is getting close to being over 14x the value of Dell.
Not to mention being worth 1.7 times the value of MSFT.
Tomorrow I’m going to call my old broker — the fellow who tried to talk me out of buying into AAPL when it was $20 — and gloat a bit. Just a little. Sure glad I didn’t take his advice! 😆
I’m in the same boat they want me to get rid of appl but I have made 4000% in the last 10 years. Not bad 25% last year and 59% the previous year. I look like a rock star.
This from Wired:
“On a dour note, all of Apple’s mobile success comes at the expense of another of its businesses. The company sold just 15.1 million iPods this quarter, a 21 percent decline compared to Q1 2011.”
Go Apple!!! BOOM!!! Over 45 Billion dollars in one quarter? Good job!!
Apple is taking the term “amazing” to a whole new level. In a way, I’m not surprised as Apple is still scratching the surface. 2012 will certainly be an even better year. The likes of Samsung, Microsoft, and Google should be scared… Very scared…
just saw the profit result on fox news. some how they blamed obama for this.
Thank you Apple and Tim for the great quarterly results reported yesterday: Highly impressive blow-out results for iPhone, iPad and Mac. Each of those surpassed my most optimistic expectations by far!
We are at the beginning of a big shift towards Apple products.
Go Apple go!
App-Network: http://www.app-gehts.de