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Apple reports record revenue, profit for fiscal first quarter

Apple reports record revenue, profit for fiscal first quarter

$US13.06 billion profit announced

Record-breaking iPhone, iPad, and Mac sales rang in a stellar start to the 2012 fiscal year for Apple. The company has announced it tallied $US46.33 billion in sales and $US13.06 billion in profit for the fiscal first quarter ended December 31.

Both the revenue and profit figures were quarterly records for Apple and blew away the numbers recorded in the year-ago quarter.

Sales rose 73 per cent from last year’s figure of $US26.74 billion; profits more than doubled from the $US6 billion earned in the fiscal first quarter of 2011.

Apple earned $US13.87 per share for the just-completed quarter, up 116 per cent from last year. That handily beat consensus analyst estimates of $US10.08 per share. Analysts were expecting Apple’s sales to come in at $US38.85 billion.

IDG's network World adds that in striking evidence of the reach of Apple's brand, international sales accounted for 58 per cent of the quarter's revenue.

Apple sold 37 million iPhones in its first quarter. That is a 128 per cent increase in unit growth over a year ago. In the same period, Apple sold 15.43 million iPads, a 111 per cent increase compared to the previous year's quarter.

Mac sales also increased again: 5.2 million Macs for the quarter, a 26 per cent increase over the year-ago period. Only iPod sales were down: 5.4 million, a decline of 21 per cent.

We’ll have more details on Apple’s quarterly performance shortly. You can follow our live blog of Apple’s 2 p.m. PT conference call with analysts.


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