Apple Reports CQ4 and Blows Out Consensus Estimates (Again) ...
• 37.04 million iPhones (+128% YoY)
• 15.43 million iPads (+111% YoY)
>> Apple Reports First Quarter Results: Highest Quarterly Revenue and Earnings Ever
All-Time Record iPhone, iPad and Mac Sales
Apple
Cupertino, California
January 24, 2012—
apple.com
Apple® today 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.
“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.”
“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 apple.com. This webcast will also be available for replay for approximately two weeks thereafter.###
>> Apple Reports Record Profits, Revenues, as iPhone, iPad Sales Double
Mark Hachman
PC Magazine
January 24, 2012 04:36pm EST
Apple doubled its profits from a year ago, reporting a 73 percent jump in revenue as Apple sold more than double the amount of iPads and iPhones from a year ago.
Apple reported net income of $13.06 billion on revenue of $46.33 billion, versus profits of $6 billion and revenue of $26.74 billion a year ago. Both are record highs, the company said.
Wall Street expected net income of $10.08 billion on revenue of $38.85 billion, according to analysts polled by Yahoo. Like other consumer electronics companies, Apple historically reports its strongest results during the holiday season.
Apple said it 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. Apple sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Only iPod sales decreased, down 21 percent to 15.4 million units.
"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said Tim Cook, Apple's chief executive, in a statement. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."
In October, Apple reported its first earnings miss since 2002, underperforming Wall Street estimates after the company claimed that rumors hurt iPhone sales. Apple's iPhone unit sales dropped by 3 million, although the company saw record highs in its iPad and Mac sales.
But the iPhone 4S, launched in October, was expected to put the wind back in Apple's sales. Nielsen reported that the iPhone 4S has had an "enormous impact" on the U.S. smartphone market, allowing Apple to eat away at Google Android's previously sizable lead.
If that's not enough, one rumor claims that Apple plans to launch the iPad 3 in February. Apple will hold a conference call at 2 PM PT to address analyst questions; Wall Street analysts have generally proven to be reluctant to waste a question asking about future products, if only because Apple rarely, if ever, confirms their details.
One question almost certain to be asked, however, is the effects of the Thai floods on its manufacturing capability. Apple's iPhones, iPad, and MacBook Airs all use flash memory. But Apple purchases hard disk drives from both Seagate and Western Digital, according to a newly-released supplier list. WD said Monday that hard-disk supplies are expected to be down through the start of the third calendar quarter, almost certainly forcing drive prices higher.
Earlier on Tuesday, Gartner named Apple the top purchaser of semiconductors for 2011, indicative of the volume of phones, tablets, and computers Apple shipped. ##
- Eric - |
