Finance
Apple 2Q12 earnings: What you need to know
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.
![jason-d-ogrady.jpg](https://www.zdnet.com/a/img/resize/6fa2620d5ec52b0e82d5cf31ef1e9f4f95dff145/2014/07/22/59e04b7a-1175-11e4-9732-00505685119a/jason-d-ogrady.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
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.
Investors seem to be pleased with the results, and AAPL shares are up 43.53 (7.77%) in after hours trading to $603.81.
If you missed it, you can listen to and read about Apple's 2Q 2012 financial results here:
- Audio Webcast (stream, podcast, transcript)
- Apple Press Release
- ZDNET's Andrew Nusca has the details on BTL