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Apple: 37.04 million iPhones sold in Q1

Apple posted all-time record sales for its iPhone, iPad and Mac lines, including more than 37 million iPhones and 15.43 million iPads sold during the last quarter.
Written by Rachel King, Contributor on

Apple was expected to post a strong showing for its first fiscal quarter earnings release on Tuesday, courtesy of the iPhone 4S, and those iPhone sales came through.

Apple reported a fiscal first quarter net income of $13.06 billion, or $13.87 a share (statement). Non-GAAP earnings were $14.03 a share on a revenue of $46.33 billion.

Wall Street was expecting fiscal first quarter earnings of $10.08 a share on revenue of $38.85 billion.

More so, Apple posted all-time record sales for its iPhone, iPad and Mac lines. Here's a snapshot of the number of units sold for each brand during the last quarter:

  • 37.04 million iPhones sold, a 128 percent increase over the first fiscal quarter of 2011
  • 15.43 million iPads sold, a 111 percent increase
  • 5.2 million Macs sold, a 26 percent increase

The only one that saw a significant decline was the iPod unit, with 15.4 million iPods sold -- a 21 percent decline from the year-ago quarter.

CEO Tim Cook commented in prepared remarks:

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.

For the outlook, Apple is predicting a revenue of $32.5 billion at the end of the second fiscal quarter with earnings at $8.50 per share.

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