In its first post-Steve Jobs earnings call, Apple reported earnings showing investors once again why its foolish to bet against the company. Here are the only numbers you need to remember:
$46.33 billion in revenue, $13.06 billion in profit, 37.04 million iPhones, 15.43 million iPads, 5.2 million Macs
Apple did pretty well this holiday season, eh?
If you’re wondering why Apple is reporting its earnings in January, it’s because the first fiscal quarter of 2012 ended on December 31, 2011, spanning 14 weeks.
Apple stock closed today at $420.41, down $7.00(-1.64%). During after-hours trading, the stock shot up past the $450 mark.
Apple’s stock is at $450 after hours, giving it a market cap of about $426 billion — pretty sure that makes it the most valuable in U.S.
— Mathew Ingram (@mathewi) January 24, 2012
Here are Apple’s reported earnings compared against Wall Street’s expectations:
Revenue: $46.33 Billion versus $38.76 billion expected
EPS: $13.87 versus $10.07 expected
iPhone sales: 37.04 million versus 30.2 million expected
iPad sales: 15.4 million 13.2 million expected
Mac sales: 5.2 million versus 5 million expected
iPod sales: 15.4 million versus 15.5 million
Gross Margin: 41.8% expected
Here they are again with year-over-year growth percentages:
Revenue: $46.33 billion, up 73.3%
EPS: $13.87, up 115.7%
iPhone sales: 37.04 million units, up 128%
iPad sales: 15.4 million units, up 110%
Mac sales: 5.2 million units, up 25.8%
iPod sales: 15 million units, down 22.9%
Gross margin: 44.7%, up from 40.3% last quarter.
Apple CEO Tim Cook:
We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs. Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.
Apple CFO Peter Oppenheimer:
We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter. 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.
Apple is currently holding a live conference call of its financial results. You can catch the audio of the broadcast here.
Photo by Cristiano Betta