Apple Reports Record $46 Billion Dollar Quarter, 37 Million iPhones Sold [Update]


Apple has posted their 2012 Q1 earnings prior to their earnings call, and holy smokes is it a doozy. The company reported a record quarter of $46.33 billion in sales, and record profit of $13.06 billion, with international sales taking into account 58% of the revenue. Apple predicted they would hit $37 billion in sales this quarter, but they annihilated that estimate.

Here is the breakdown of sales:

  • 37.04 million iPhones (+128% over year ago quarter)
  • 15.43 million iPads (+111% over year ago quarter)
  • 15.4 million iPods (-21% over year ago quarter)
  • 5.2 million Macs (+26% over year ago quarter)
  • $17.5 billion in cash earned this quarter
Here’s what CEO Tim Cook had to say:

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “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.”

We’ll be listening into the earnings call and will update this post with notes shortly. Well done, Apple.

Update 1: Here are some notes from the earnings call:

  • 140 million downloads from the App Store since Christmas Day
  • 90 countries have the iPhone 4S, fastest iPhone launch ever
  • 600,000 copies of iBooks Author downloaded so far
  • 3 million copies of iTunes U downloaded
  • 315 total million total iOS sales; 62 million in last quarter
  • 85 million iCloud customers as of today
  • 550,000 total apps; 175,000 iPad apps;
  • $4B paid out cumulatively; $700 million in last quarter alone
  • 110 million visitors to Apple Store; 22,000 visitors per store per week
  • $97.6 billion in cash; nothing to announce with cash



  • Cupton

    Sounds like they’re over charging….

  • Which products? Overcharging compared to what though?

  • Anonymous

    If they were overcharging then people wouldn’t be buying their products as much. Sounds like they’re doing extremely well to me and have found a sweet spot for manufacturing/operation costs to retail prices.

  • Ari

    No, they are just using their cash pile as leverage to buy flash memory and other components in bulk giving them a much higher profit margin than competitors charging about the same price to consumers. If you look at the “unlocked” prices of Android devices with similar specs to the iPhone 4S you will find that they cost the same or “more”.

  • Anonymous

    I am not sure to understand the meaning of “fastest iPhone launch ever”.

  • Fastest deployment of the iPhone in so many countries at the same time.