Apple has sold over 37 million iPhones 4S in the fourth quarter of 2011, -- revealed Apple first earnings reports since CEO Steve Jobs died in September last year.
Announcing its financial results for fiscal 2012 first quarter which ended December 31, 2011, Apple posted a record quarterly revenue of $46.33 billion. And, the company's net profit for the last quarter was of $13.06 billion ($13.87 per diluted share). Apple's quarterly revenue was more than double Microsoft's revenue from the same quarter.
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.
"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said Tim Cook, Apple's CEO. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."
"We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second fiscal quarter of 2012, which'll span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50."
Here are the Apple's sales figures:
- It has sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter.
- That they sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter.
- Also sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter.
- And, that 15.4 million iPods were sold, a 21 percent unit decline from the year-ago quarter.
- Cook also said that Apple has sold a record 1.4 million Apple TVs last quarter and 2.8 million units last fiscal year, but he still considers the device "a hobby that I couldn't live without." In terms of a new type of TV from Apple, Cook would not make any comments. Just simply, "We continue to pull the strings to see where it takes us."
- Oppenheimer revealed that in only three months, 85 million users are now using iCloud -- i.e. 50 million more iCloud accounts than iPhone 4S's sold. Impressive.
Here is the Cook's remarks:
"I think Peter shared earlier the number of customers that had signed up for iCloud, and it's already over 85 million, so it's incredible that this has happened in just a few months' period of time. We're thrilled with it, and the response from customers has been incredible. It's solved a lot of problems that customers were having and made their lives much much easier. It was a fundamental shift recognizing that people had numerous devices and they wanted the bulk of their content in the cloud and easily accessible from all of their devices, and you know, I think we're seeing the response from that. With 85 million customers in just three months, it is a very very important part -- it's not just a product, it's a strategy for the next decade."
Also, following the earnings call, Cook sent a congratulating e-mail to Apple employees on the record setting quarter:
Thanks to everyone's hard work, we're off to a great start in 2012. Last week in New York we launched a groundbreaking initiative for education with iBooks textbooks, and today we reported the strongest quarter in Apple's history.Please join me tomorrow morning at 10 a.m. in Town Hall. We'll review our record-setting results and discuss some exciting new things going on at Apple.The meeting will be broadcast live to many sites in Cupertino and other Apple locations. Please check AppleWeb for details.