Apple Posts Big Earnings For Q2 2012


Apple has revealed their earnings for the second quarter of 2012, with revenue of $39.2 billion and profit of $11.6 billion. The Q2 report, representing the first quarter of the 2012 calendar year, was revealed in a conference call with Apple CEO Tim Cook and Apple Senior Vice President and Chief Financial Officer Peter Oppenheimer.

While the numbers revealed by Apple are substantial, perhaps one of the most interesting comparisons is the increase in year on year earnings. In the same period last year, revenue for the company was $24.67 billion with Q2 profit of $5.99 billion, meaning that profits for this quarter were almost double that of a year ago.

Apple also revealed that 11.8 million iPads, 35.1 million iPhones, 7.7 million iPods and 4 million Mac computers in the quarter.  You can view the full details in the Apple press release on the Q2 earnings which can be found here.

With more novel Apple products expected throughout the year, such as refreshed Macbooks and desktop Macs with Intel Ivy Bridge processors, together with a new iPhone, and the confirmed release of OS X 10.8 Mountain Lion in late summer, it’s going to be another substantially profitable year for the company.

Earn It…

Also on AppleBitch.com:

This entry was posted in News and tagged . Bookmark the permalink.