Apple 2Q12 earnings

Apple CEO Tim Cook and CFO Peter Oppenheimer discussed the company’s record second-quarter earnings.

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.

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