Apple Q2 profits approach US$12bn – sells 35m iPhones, 12m iPads

24 Apr 2012

Apple CEO Tim Cook

There’s rude health and then there’s even ruder health – tech behemoth Apple has reported incredible revenues of US$39.2bn for its second quarter, including profits of US$11.6bn driven by the sale of 35m iPhones and 12m iPad devices.

The tech giant, which announced 500 new jobs in Cork last week, once again showed how strong it is performing, with a peachy US$14bn in cash flow emerging from operations, according to CFO Peter Oppenheimer.

Nonetheless, Oppenheimer wasn’t hedging his bets, with a more calm prediction for Apple’s third quarter than the second quarter, which includes the frenzied Christmas sales season.

“Our record March quarter results drove $14bn in cash flow from operations,” said Oppenheimer.

“Looking ahead to the third fiscal quarter, we expect revenue of about US$34bn and diluted earnings per share of about US$8.68.”

Amount of devices Apple sold in Q2 2012

During the second quarter, Apple sold 35.1m iPhones in the quarter, representing 88pc unit growth over the year-ago quarter.

Apple sold 11.8m iPads during the quarter, a 151pc unit increase over the year-ago quarter.

Apple sold 4m Macs during the quarter, a 7pc unit increase over the year-ago quarter. Apple sold 7.7m iPods, a 15pc unit decline from the year-ago quarter.

“We’re thrilled with sales of more than 35m iPhones and almost 12m iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years