Apple reports record quarterly results
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Xinhua, January 25, 2012
Apple on Tuesday posted record quarterly revenue and earnings blowing past analysts' expectations thanks to strong sales of its smartphone and tablet products.
For Apple's 2012 fiscal first quarter ended Dec. 31, 2011, the company reported a revenue of 46.33 billion U.S. dollars, up from 26.74 billion dollars in the same period a year earlier.
Net profit was 13.06 billion dollars or 13.87 dollars per share, compared with 6 billion dollars or 6.43 dollars per share in the quarter a year ago.
Analysts had expected 10.08 dollars' earnings per share on a revenue of 38.85 billion dollars, according to Thomson Reuters.
Apple's latest results are closely watched as it was the first quarter that included sales of its new smartphone model iPhone 4S, which hit the market in October last year.
Apple said it sold 37.04 million units of iPhone in total in the quarter, an increase of 128 percent over the quarter a year ago. Sales of iPad reached 15.43 million units, up 111 percent year-on-year.
Apple reported that it also sold 5.2 million Macs during the quarter, a growth of 26 percent. Sales of its iPod media players dropped 21 percent from the year-ago period to 15.4 million units.
"We're thrilled with our outstanding results and record- breaking sales of iPhones, iPads and Macs," Tim Cook, Apple's chief executive officer, said in a statement.
"Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline," he added.
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