Apple Posts Impressive Q2 2012 Results

For those expecting the Apple juggernaut to slow down, it sure didn’t happen during the second fiscal quarter of 2012 representing January 1st-March 31st.  The Cupertino, CA based company posted revenue of $39.2 billion and a net income of $11.6 billion.  For investors that comes out to $12.30 per diluted share.  Compared to Q2 2011 results of $24.7 billion of revenue, $6.0 billion profit, and $6.40 per share, this represents a 59% increase in revenue and a 93% uptake in net profit.

Device sales numbers were astounding.  The iPhone Lineup consisting of the iPhone 4S, iPhone 4, and iPhone 3GS combined for 35.1 million units sold internationally.  With the launch of the 3rd generation of the iPad on and heavy corporate implementation, iPad numbers soared 151% to 11.5 million units.  iPads are now in use by 94% of Fortune 500 companies and 75% of the Global 500.  On the computer front, Mac sales (yep, Apple still makes those) were up 7% year over year for 4 million units.  Results were not as rosy for the iPod though, with sales failing 15%.  That was not unexpected with the iPhone and iPad having taken its place for the vast majority of buyers.  iTunes store generated $1.9 billion in revenue, a 35% increase over this quarter last year.

See Apple’s full press release here.
For a transcript of the earnings call from Seeking Alpha, go here