Apple Profits Double as iDevice Sales Soar to New Heights
If there were any lingering doubts about Apple CEO Tim Cook being capable of keeping the momentum going that Steve Jobs initiated before his untimely death, go ahead and toss them out the window. Apple last night announced quarterly revenue of $46.33 billion and quarterly net profit of $13.06 billion, both record numbers for the Cupertino outfit and up from $26.74 billion and $6 billion (respectively) in the same quarter one year prior.
It doesn't stop there. Apple acted like the Incredible Hulk locked in a record store and the only way out is to Hulk-smash records. The company sold 37.04 million iPhones during its fiscal 2012 first quarter (ended December 31, 2011), representing a a whopping 128 percent year-over-year growth rate and the most iPhones it's ever sold in a single quarter. Apple also sold a record number of iPad devices (15.43 million, up 111 percent year-over-year) and Macs (5.2 million, up 26 percent). Only iPod sales failed to break any records, declining 21 percent year-over-year with 15.4 million unit sales.
"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads, and Macs," Cook said. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."
To put these numbers in perspective, Apple sold more iPads in the quarter than Hewlett-Packard did PCs, which is pretty amazing when you consider HP is the world's largest PC maker. Apple's numbers blew way past Wall Street expectations, and as a result, extended hours trading drove the company's stock price up by as much as 12 percent, Bloomberg reports.
It doesn't stop there. Apple acted like the Incredible Hulk locked in a record store and the only way out is to Hulk-smash records. The company sold 37.04 million iPhones during its fiscal 2012 first quarter (ended December 31, 2011), representing a a whopping 128 percent year-over-year growth rate and the most iPhones it's ever sold in a single quarter. Apple also sold a record number of iPad devices (15.43 million, up 111 percent year-over-year) and Macs (5.2 million, up 26 percent). Only iPod sales failed to break any records, declining 21 percent year-over-year with 15.4 million unit sales.
"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads, and Macs," Cook said. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."
To put these numbers in perspective, Apple sold more iPads in the quarter than Hewlett-Packard did PCs, which is pretty amazing when you consider HP is the world's largest PC maker. Apple's numbers blew way past Wall Street expectations, and as a result, extended hours trading drove the company's stock price up by as much as 12 percent, Bloomberg reports.
