Led By Strong iPhone Sales, Apple Nets $36 Billion Revenue In Most Recent Quarter
by Brent Dirks
October 25, 2012
Another quarter means more records for Apple. For the fiscal 2012 fourth quarter that ended Sept. 29, the company made $36 billion in revenue and a net profit of $8.2 billion.
The star of the quarter was unsurprisingly the iPhone. Apple sold 26.9 million handsets, a 58 percent increase from the same period last year.
While sales of the iPad didn’t top last quarter’s record, Apple moved a healthy 14 million tablets during the period, a 26 percent increase from the fourth quarter of 2011.
Continuing the downward spiral, only 5.3 million iPods were sold during the quarter, a 19 percent drop from the same time last year.
Mac sales continued to increase with 4.9 million units sold during the quarter.
And Apple is very quickly becoming an international powerhouse with overseas sales accounting for 60 percent of the revenue in the quarter.
A cash dividend of $2.65 per share will be paid to shareholders in mid-November.
"We're very proud to end a fantastic fiscal year with record September quarter results," said Tim Cook, Apple's CEO, in a statement. "We're entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline."
"We're pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012," said Peter Oppenheimer, Apple's CFO, in a statement, "Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75."
We’ll be listening in to the earnings call webcast and will keep you up to date with any more information. Anyone can listen to the call on Apple’s site here.
