Apple announces it’s highest quarterly revenue ever
Earlier today, Apple announced it’s financial results of the first quarter of the 2012 fiscal year, which ended on December 31, 2011. Apple reported that they had generated $46.33 billion in revenue and made a net profit of about $13.06 billion in the 14-week quarter alone.
Apple’s earnings grew significantly since this quarter last year, when Apple made about $26.74 billion in revenue and made a net profit of about $6 billion. Apple also sold more Macs, iPads, and iPhones this quarter than they had ever done before. Apple did, however, experience a huge drop of sales in the iPod market, with sales being about 21% lower than they were this quarter last year.
“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 will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”
The future looks bright for Apple! We are looking forward to next quarter, when the next-generation iPad is supposed to come out!