Apple reports record quarterly sales, profit

Increased iPhone, iPad and Mac sales over the Christmas period saw Apple post a sharp increase in revenue and profit for its first fiscal quarter ended December 31, 2011.

The company generated record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, compared to revenue of $26.74 billion and a profit of $6 billion for the same period a year ago.

The results were driven by “all-time record” iPhone, iPad and Mac sales. Apple sold 37.04 million iPhones in the quarter, up 128 per cent year-over-year, 15.43 million iPads, representing a 111 per cent unit increase, and 5.2 million Macs, up 26 per cent. iPod sales declined 21 per cent from the same quarter last year to 15.4 million units.

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

CFO Peter Oppenheimer added: “We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter. 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.”