“Rob Cihra of Evercore Partners updated his projections for Apple’s December quarter on Thursday in anticipation of the company’s quarterly earnings report, scheduled for Jan. 23,” Neil Hughes reports for AppleInsider.
“Cihra expects Apple to report sales of 50 million iPhones, a 35 percent year over year increase and 86 percent growth from the previous quarter,” Hughes reports. “As for Apple’s newly expanded iPad lineup, Cihra believes the company sold 24 million touchscreen tablets in the quarter, representing 56 percent year-over-year growth and a 71 percent boost from the September quarter.”
Read more in the full article here.
MacDailyNews Take: For Q112, which spanned 14 weeks (one more week than usual) and ended December 31, 2011, Apple Inc. posted quarterly revenue of $46.33 billion (not only the company record, but also the tech industry record) and the company’s all-time record quarterly net profit of $13.06 billion. It was one of the most profitable quarters ever for any U.S. company, trailing only ExxonMobil’s $14.8 billion quarter from autumn 2008 and subsequent $15.91 billion quarter (Q212, announced July 26, 2012), the highest ever for a U.S. corporation.
In Q112, Apple’s quarterly net profit of $13.06 billion more than doubled YOY vs. Q111’s $6.0 billion.
What do you think, can Apple do it? Beating ExxonMobil’s record $15.91 billion in net profits in a single quarter might be a tall order, but setting the all-time tech industry record by breaking their own quarterly revenue record of $46.33 billion certainly seems possible.