Apple posts massive financial results for Q2 2012

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Apple announced their financial results for the second fiscal quarters of 2012, ending 31 March 2012, in the process blowing all expectations on the company’s earnings out of the water.

Some of the numbers are hard to believe but are still completely accurate. Quarterly revenue for the company was $39.2 billion, up from the $36.81 billion expected by some analysts and way up from Apple’s performance this time last year which clocked in at $24.7 billion. Net profit for the quarter was $11.6 billion, up from $6.0 billion year-on-year.

Device sales also smashed expectations across the board. Apple sold 35.1 million iPhones in Q2, up 88% in unit growth compared to last year’s totals. Apple also sold 11.8 million iPads (a 151% increase) and 4 million Macs (a 7% increase). The only decline was seen in iPod sales, which dropped 15% compared to this quarter last year.

Tim Cook said, “We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

Just to put these figures into some sort of perspective, Apple’s profit stands at $1 billion a week over the quarter, or $142 million a day. That’s roughly $100,000 (R780,000) in profit a minute over the quarter for Apple. (Thanks Toby)

Source: Apple and Business Insider

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