Apple Inc has reported its fiscal 2012 second quarter financial results. The net profit of the company has increased by a massive 94% over the last year. The volume sales of the company were staggering of late. The massive gain, however, can primarily be attributed to market performance of iPads and iPhones. Prime highlights of its fiscal results are given below.
A whopping 35.1 million units of iPhones were sold in the second quarter of 2012, ending March 31. Sales of iPads at 11.8 million units stand next, while, Mac and iPod sold 4 and 7.7 million units respectively. Unit sales of all products, with the exception of iPod, increased in this quarter. Apple products are still quite well rooted in the market.
In terms of market share growth, iPad bagged the first spot with a huge 151 percent rise. Growth of iPhones is next as the brand reports a chunky 88% increase in unit sales. The unit increase of Mac was just 7 percent. A good sign is that most brands accounted a growth in sales or remained more or less stable as compared to the same time last year. The only exception to this trend was iPod, whose sales slipped by 15 percent. Overall, Apple’s portfolio shows an impressive progress.
The revenue acquisition of the company was quite plump in the second quarter of 2012. The net revenue gained was a hefty $39.2 billion. While, the profit garnered was a cool $11.6 billion or $12.30 per diluted share. This is a steep rise of about 58 percent as compared to last year when the company amassed $24.7 billion in revenues. Net profit also shows an improvement vis-a-vis last year as the company has reported a gain of $6.0 billion with earnings of $6.40 per diluted share then. Even the gross margin went up from 41.4 percent to 47.4 percent in second quarter of 2012.
The capital gain from the second quarter was quite substantial and drove about $14 billion in cash flow from operations. International sales of the products accounted for about 64 percent of the company’s earnings. The company is already looking forward to the third fiscal quarter and is expecting to acquire revenues of $34 billion and diluted earnings per share of about $8.68. The company was also very excited about the performance of the new iPad. Apple’s CEO Tim Cook added that Apple will bring about a lot of innovation in its products in the future.
Via: Apple