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Apple's Profits Soar in Second Fiscal Quarter - News

by William 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.

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VGKing (on 25 April 2012)

Apple should donate a couple billion to cancer research.

  • +4
Yonyx (on 25 April 2012)

How many Ipads have been sold so far? More than Wiis?

  • +1
famousringo Yonyx (on 26 April 2012)

They're north of 60 million total now, and probably won't sell less than 10 million per quarter for the foreseeable future. Not more than Wii, yet, but faster than Wii.

  • 0
haxxiy Yonyx (on 28 April 2012)

70 million, actually. Pretty damn impressive considering people were a bit eh before it launched.

  • 0