Apple Reports All-Time Record iPhone, iPad and Mac Sales In Q1 2012

Apple on Tuesday 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.

The street was impressed, with Apple share prices surging roughly 8 percent in after-hours trading Tuesday to about 452, after having closed down 1.6% to 420.41 in the regular session, which reportedly calculates to a market cap of approximately $421 billion, and which if it holds will carry Apple past Exxon to become the most valuable U.S. corporation.

Broken down more precisely, the iPhone’s sales performance was spectacular, with 37,044 million iPhones sold during the quarter, representing a 128 percentyear-over-year increase from Q1 2011, and a 117 percent eclipsing of the already healthy 17,073 unit sales in Q4 ’11. That makes Apple meaning that Apple is the best-selling smartphone manufacturer on the planet, surpassing rival Samsung whose quarterly sales are estimated to have been 32 million to 35 million units.

iPad sales were also robust and record-setting, with the 15,434 units sold during the quarter representing a 111 percent increase from the 7,331 million sold a year ago, and a 39 percent increase from the 11,123 million iPads that went out the doors in Q4 2011

THe iPod was the only somewhat disappointing perfprmer among Apple’s hardware offerings. While 15,397 million iPods sold in the quarter more than half of which were iPod touches, isn’t exactly chopped liver — it isa 21 percent decline from the 19,446 million ‘Pods Apple sold a year ago All those iPad sales are probably having some cannibalizing effect on the iPod. However, Q1 iPod sales were at least substantially higher than the 6,622 million Apple had moved in the previous quarter.

Back in the positive column, Mac sales in the quarter totalled 5,198 million units — constituting a 26 percent year-over-year improvement. Apple sold 1,479 million desktops (iMac, Mac Mini and Mac Pro), and 3,719 million laptops (including MacBook, MacBook Air and MacBook Pro), compared with 1,227 million and 2,907 million units sold respectively in Q1 2011.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,”commented Tim Cook, Apple’s CEO. “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.”

Apple will provide live streaming of its Q1 2012 financial results conference call beginning at 2:00 p.m. PST on January 24, 2012 at:
http://www.apple.com/quicktime/qtv/earningsq112

This webcast will also be available for replay for approximately two weeks thereafter.