Apple 2Q12 earnings: What you need to know

Summary:Apple sold a record 35.1 million iPhones and 11.8 million iPads in the March quarter and enjoyed a 94 percent increase in net profits year-over-year.

Apple Inc.'s (NASDAQ:AAPL) 2012 second quarter earnings included record sales of iPhones, iPads and Macs and a 94 percent increase in net profits year-over-year.

Highlights for the March quarter include:

  • $39.2B in revenue
  • $11.6 billion net quarterly profit (or $12.30 per diluted share)
  • 47.4 gross margin
  • 64 percent international sales
  • 35.1M iPhones sold (88 percent unit increase)
  • 11.8 million iPads sold (151 percent unit increase)
  • 4 million Macs sold (7 percent unit increase)
  • 7.7 million iPods (15 percent unit decrease)

Apple added about 12% to its liquid marketable assets (which includes cash, short-term investments and long-term marketable securities) bringing its total to around $110 billion or about $116.60 per share. Apple's cash is up about 67% compared to a year ago and it has more than doubled over two years.

AAPL cash on balance sheet 2Q12 - Jason O'Grady

Investors seem to be pleased with the results, and AAPL shares are up 43.53 (7.77%) in after hours trading to $603.81.

AAPL +43.53 (7.77%) in after hours trading to $603.81 - Jason O'Grady

If you missed it, you can listen to and read about Apple's 2Q 2012 financial results here:

Topics: Banking, Apple

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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