On an earnings call Apple posts record earnings and financial results for the December Quarter representing the highest quarterly revenue and earnings in company history.
Q1 2012 Financial Results
Sales include all time highs for iPhone, iPad and Mac. With revenue of $46.3 billion in the quarter which represents 73% year over year growth. Operating margins were $17.3 Billion which accounts for 37.4% of revenue.
Net Income – $13.1 Billion which is 118% over the prior December Quarter and equalling half of all the net income generated in 2011. Earnings Per Share was $13.87.
Total company gross margin was 44.7% with operating expenses of $3.36 Billion in the quarter. Cash for long term and short term securities equals $97.6 Billion and the tax rate for the quarter was 25.25%.
Cash Flow from operations was over $17.5 billion from the quarter.
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Mac Products and Services
Apple established an all time quarterly record selling 5.2 million Macs setting a new record for desktops and portables.
Mac sales grew 26%. The Mac App Store shows great success – over 100 million apps downloaded
in less than 1 year. The Mac App Store has rapidly become a favorite shopping destination
for Mac Software. -
Apple Music Products
Sold 15.4 Million iPods compared to 19.4 million in the same quarter last year. Total iPod sales were ahead of expectations and the iPod Touch accounted for over half of all iPod sales.
iPod share of the US market for MP3 players is still over 70%.
The iTunes Store generated record results with revenue in the quarter of $1.7 billion.
Apple Launched iTunes Music Stores in Brazil and 27 other countries in Latin America and Europe.
There are over 20 million songs from major labels and independent artists currently in the iTunes catalogue. -
iPhone
A record 37 Million iPhones were sold in the quarter compared to 16.2 million in the last December quarter which represents a 128% increase.
iPhone 4s now available in more than 90 countries.
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iPad
Apple sold 15.4 million iPads in the quarter compared to 7.3 million in the previous December quarter, an increase of 111%
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iOS and iCloud
Apple surpassed 315 million cumulative iOS Device Sales, more than 62 million in the last quarter and over 85 million customers signed up for iCloud
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The App Store
Over 550 thousand Apps available on The App Store including 170 thousand Apps for iPad.
By the end of January developers will have earned over $4 Billion cumulatively from App sales,
700 million dollars in the december quarter alone. -
Apple Retail Stores
The Apple Retail Stores achieved record results with revenue at $6.1 billion.
Over 50% of Mac Sales were to customers who have never owned a Mac before.
4 new stores were opened in the quarter bringing Apple to a total of 361 Apple Retail stores. With 358 stores, average revenue per store was $17.1 million.
Apple Retail Stores attracted over 110 million visitors averaging 22,000 visitors per store per week. Easypay checkout process has enhanced Apples ability to process such incredible volume.
Guidance for Q2 2012
Apple expects $32.5 Billion in revenues compared to $24.7 Billion from last year.
They are targeting Earnings Per Share to be about $8.50.
Highlights of the December Quarter.
Apple Launched iPhone 4s to rave reviews and delivered iOS 5 and iCloud to millions of customers. They surpassed all previous records for iPhone, iPad, and Mac sales.
