Apple's Profits Soar in Second Fiscal Quarter - NewsWilliam D'Angelo , posted on 25 April 2012 / 3,399 Views
Apple profits have soared in the second fiscal quarter which ended March 31, 2012. Profits reached $11.6 billion on the back of $39.2 billion of revenue. This is up from $6 billion of profits in the same quarter last year.
The increase in profits is due to sales of the iPhone and iPad. The iPhone sold 35.1 million units, an increase of 88 percent compared to last year and the iPad sold 11.8 million units, an increase of 151 percent. Apple also sold four million Macs, up seven percent compared to a year ago, while the iPod line saw sales decline to 7.7 million units sold, a drop of 15 percent.
"Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68," said Apple CFO Peter Oppenheimer.