Apple bulldozes Street with blowout $39.2 billion revenue; shares rocket in after-hours trading

Apple today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. 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 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.

78 Comments

    1. I can’t believe the complete lack of shame, accountability, humility, or any other non-predatory human quality coming out of the snake-in-the-grass types. Maybe take an asteroid to finish ’em off.

    2. You missed the equally nauseating Collin Gillis doing his usual gloom-and-doom AAPL-is-dying nonsense. I had CNBC on most of the day and I have to say it was one of the worst, most biased pile of doggie-droppings I’ve heard about Apple in quite a long time. It was REALLY bad.

    1. Just remember, in 3 months the street will try to bash it again. Happens to most stocks at earnings. AAPL is just more visible because it’s gained so much so fast. It made me well. And then some. But I knew this was coming. So don’t be surprised before next quarter’s earnings. Be prepared. Oh,and it’s nothing personal against Apple. It’s the 4th quarter you want to be ready for well in advance. That and the 1st quarter following should kick ass.

    1. I think it’s better that these anal-ysts analyze the output of a cow or a pig. They would never go wrong on this but on Apple they will always be wrong by a mile.

  1. Now, can we sue a few “analysts” back into the stone age for costing shareholders billions in lost capital over the last couple weeks? When do these idiots begin to pay for their mistakes and the damage they cause?

    1. Where are the DoJ, the SEC or Obama? These Wall Street’s anal-ysts are a colluding lot out to cause damage to the the most valuable company in the US. These anal-ysts are interanal terrorists sabotaging the economic standing of the US. That’s what happen when liberals are given too much leeway in their mistaken belief that the productive and the unproductive should be equalized. Sounds like socialism or communism to me.

  2. Wait… Didn’t we read last week that apple was going to post a dismal qtr with cook at the helm?

    And iPhone sales were going to show iOS is on the decline?

    Man… Good thing I don’t listen to the advice of the pundits.

    1. It has to be said, a 93% rise in profits on a 58% rise in sales in what is supposed to be the ‘quiet’ quarter of the year does seem a somewhat strange way of conducting any company’s downfall.

      Maybe this is the beginning of the end. A very long beginning given that AAPL is 66% up on sales for the first six months of the current financial year and 105% up on profits and is growing sales globally in a depressed economy.

      Since SPJ took his final leave of absence in January 2011, Cook’s leadership has delivered sales of $167 billion and profits of $44.6 billion (26.7%); if that’s dull uninspiring leadership, I’m OK with it – he can carry on being that dull and uninspiring for as long as he likes.

    1. I hope the pricks who spread that rumor about poor Verizon and AT&T iPhone sales are going home wearing a pickle barrel. Those people really disgust me.

  3. Kaboom! Defintely on its way to become the first trillion-dollar company in history, AAPL is! And in other news, the no longer on smartphone beta-testing but still great CEO-searching NOK has just been downgraded by Fitch to junk bond status.

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