Apple reports US$8.8 billion in quarterly net profit

Apple today announced financial results for its financial fiscal third quarter ended June 30, 2012. The company says its quarterly revenue was US$35.0 billion, which resulted in a quarterly net profit of US$8.8 billion.

These results are an improvement compared to revenue of $28.6 billion and net profit of $7.3 billion in the same quarter a year-ago.
Gross margin was reported at 42.8 percent compared to 41.7 percent in the same quarter, a year ago.
International sales, including non-US sales, accounted for 62 percent of the quarter’s revenue.
The iPhone continues to be popular amongst consumers despite the launch of the Samsung Galaxy S3 with Apple reporting it sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter.
A significant growth has been seen in tablet sales by the company, reporting that it sold 17.0 million iPads during the quarter, an incredible 84 percent unit increase over the same period a year-ago.
Mac sales seem to be remaining flat with the company selling 4.0 million Macs during the quarter, which indicates a two percent unit increase over the same quarter a year-ago.
What is disappointing is the iPod sales numbers, with only 6.8 million iPods sold, representing a 10 percent unit decline from the same period a year-ago.
Tim Cook, Apple’s CEO, expressed his excitement by saying, “We’re thrilled with record sales of 17 million iPads in the June quarter.”
“We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.” continued Cook.
The company’s Board of Directors declared a cash dividend of $2.65 per share of the Company’s common stock.
The dividend will be payable on August 16, 2012, to stockholders of record as of the close of business on August 13, 2012.
“We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO.
“Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65,” Oppenheimer said.

Posted in: Uncategorized

Latest headlines

Latest by Category

Tweets about "humanipo"