Apple could post most profitable quarter ever for any U.S. company on January 23

“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.


  1. With 35 and 56 percent year-over-year growth which Apple repeats year after year that tiny shrinking P/E continues to look stupid. After you consider the BILLIONS in the bank, you ask yourself, “How can I get more shares while AAPL is on sale so cheep!”

    And again, Apple will state, “We would have sold more if we could have made more.” No other company has stated that for so many quarters or years.

    Idiots! I am all in.

      1. I don’t think Apple is quite at $100 billion in profits per year… not quite yet. 🙂

        Apple CAN continue to grow at a fast rate (although probably not “50%” overall), because Apple seems to have an internal schedule to introduce an entirely new product line every three years. 2007 iPhone. 2010 iPad. 2013 “iTV”?

      2. Has anyone ever heard of China Mobile? It–and, actually, the vast majority of China–has yet to “discover” the complete line of Apple products. When (if?) that populace/market segment ever truly comes on line, it’s Katy, Bar The Door for AAPL! (Sorry. Old Guy)

        1. developing nations are markets for the cheaper phones. remember that in most of the world the incomes are A LOT lower and people have to pay full price for a phone.

          this is why google made a cheap nexus phone. they are looking at the majority of the people in the world with no smartphone and who can’t afford an iphone 5 or Galaxy S3 at full price

      3. Ummmm, YES.

        It’s just zeros, once you get your head around that you realize that Apple’s share, in the markets it competes, remains low. That’s the absolute amazing thing about Apple’s growth, it was not achieved ala MSFT (95% of a slowly growing market).

        Apple has grown, as it has, because it entered/created new markets with lots of head room, and more importantly, no dominant player (the proverbial 800 lb gorilla).

        Continued $100 billion per year profit growth only requires Apple to continue as it has.

      4. I think a lot of people miss that we now have a huge international market for many products. If iPhones only sold in the US and EU then it would makes sense to question this growth rate. Instead, Apple is selling to a potentional pool of several billion people with a product that is easily shipped and has little competition. I mean that compared to things like automobiles which often have protected, domestic competition. Someday the smart phone market will be saturated and sales will slow to replacement rates. We’ve got a ways to go to see that.

  2. ..and if Apple comes just this close of mega gigantic unexpected net profits, analysts will be disappointed yet again and recommend RIM instead.
    It’s a great way to wag the dog though.

    1. It’s already starting….

      Shares of Apple (NASDAQ:AAPL) will continue to deflate until they fall to $425, according to Jeffrey Gundlach, the founder of DoubleLine Capital and a bond investor known for taking aggressive short positions on the iPhone maker.

  3. I think $60 billion in revenues is a lock. It’ll be interesting to see what the margins were like on the iPhone 5 and the iPad mini. That’ll determine if Apple beats Exxon’s all-time record for record quarterly profits. It should be close but if not this year, next year for sure.

  4. My only concern is that AAPLwill have a great first quarter (reported in January) but projections going forward will be lowered due in part to those great sales numbers. This is true most years for AAPL but may be a little greater this coming earnings report. Supply issues and product refresh will obviously be factors affecting the forward projections too. Be very careful if you plan on holding through earnings. Q1earnings call should have great numbers and the stock should run up (as usual) before January 23. But remember, the street needs AAPL to continue going forward with great numbers and that’s not always possible.

  5. Shares of Apple (NASDAQ:AAPL) will continue to deflate until they fall to $425, according to Jeffrey Gundlach, the founder of DoubleLine Capital and a bond investor known for taking aggressive short positions on the iPhone maker.

    We all know this drill.

  6. Yes, that’s it. Let’s pump up expectations to such ridiculous extremes that if Apple doesn’t make ALL THE MONEY, it will be seen as “missing the street”. Sheesh.


  7. The financial comparison of this year versus last year same quarter is generally misleading in the case of Apple. What needs to be compared is a full four quarters of financial results to the same four quarters in the previous year. This is because of such factors as staggered product introduction, new product (such as the mini pad) and other variables such as parts shortages, production hiccups and changes in suppliers. By aggregating a full four quarters, a clearer picture of progress can emerge, leading to more valid analysis than provided by this vs. the same quarter a year prior.

  8. The reason why Apple is going to report nearly $16.5 billion in profit on the 23rd of Jan., is because the iPhone numbers will be over 45 million & the iPad numbers will be over 20 million which translates into another $3.2 billion in profit.

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