Apple Announces Fourth Quarter 2012 Earnings ResultsBy: Zach Walton - October 25, 2012
Everybody was curious as to how Apple performed in its fourth quarter. The company was rather mum about units sold during the iPad Mini event earlier this week. The earnings released today show that Apple had nothing to hide as they did pretty good.
Apple announced today that the company pulled in $36 billion in revenue and quarterly net profit of $8.2 billion. This is up from the fourth quarter last year when Apple only pulled in $28.3 billion in revenue and a net profit of $6.6 billion. International sales are also becoming increasingly important as they made up 60 percent of the quarter’s revenue.
“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “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.”
Apple sold 26.9 million iPhones in the fourth quarter, which represents a 58 percent unit growth over last year. The company sold 14 million iPads during the same quarter, which represents a 26 percent unit growth over last year. As for Macs and iPods, the company sold 4.9 million and 5.3 million units respectively. The iPod was the only device to see a decline in sales over the last year.
“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. “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.”
You can check out the breakdown of Apple’s quarterly results here.