Apple today announced its latest financial results and the numbers are nothing short of impressive once again. The company announced record quarterly revenue of US$46.33 billion and record quarterly net profit of US$13.06 billion with gross margins coming in at 44.7%. It sold 37.04 million iPhones (128% increase over the year-ago quarter), 15.43 million iPads (111% increase over the year-ago quarter) 5.2 million Macs (26% increase over the year-ago quarter) and 15.4 million iPods (a 21% decline over the year-ago quarter). Apple basically made as much this quarter as it did in the second half of its 2011 fiscal year!
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
On the analyst call that followed, Apple also revealed that:
- 600,000 copies of iBooks Author have already been downloaded.
- It now has US$97.6 billion in cash and is looking at how best to use it.
- It expects that the tablet market will be bigger than the PC market.
- 70,000 iPad apps now available.
- iTunes Store topped US$1.7 billion in sales.
- Apple TV sales have topped 4.2 million units.
- It’s still too early to call it a two horse race between Android and Apple. Cook said that “there’s a horse in Redmond that always suits up and always runs.”
With the iPad 3, iPhone 5, and a new Apple TV waiting in the wings, the future is looking pretty bright for Apple.
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