Apple today announced its earnings for its second fiscal quarter of 2012. Apple’s revenue amounted to $39.2B in Q2. With earnings of $13.87 per share. The company’s net profit in Q2 was $11.6B. The numbers beat industry estimates but were down from the company’s previous record quarter.
Apple sold 35.1 million iPhones and 11.8 million iPads this quarter. The company sold 4 million Macs during the quarter, bringing sales up 7% when compared to the same quarter a year ago. Apple sold 7.7 million iPods.
Looking over the figures, Apple saw iPhone sales drop 5.5% over the quarter, with iPad slipping 23.53%, despite an impressive launch. The company’s total assets stand at $150.9 billion with total shareholders equity at $102.4 billion at the end of the quarter.
It means that Apple’s cash pile now stands at $110 billion.
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“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “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.”
“Our record March quarter results drove $14 billion in cash flow from operations,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”
Apple is due to hold its earnings call very soon, we will bring you the latest as it happens.
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