Apple’s Q1 Results: Record-Breaking Revenue and Profit

Make that record-shattering:

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 broke its previous quarterly records for: revenue, profit, iPhones sold, iPads sold, and Macs sold. Their previous record for revenue was $28 billion; they almost hit 50.

So they’re doing OK.

★ Tuesday, 24 January 2012