Once again, Apple has smashed analyst predictions and has released Q1 2012 revenue of $46.33 billion and record quarterly net profit of $13.06 billion. What does that mean? Apple is still essentially printing mountains of money and their cash/short term/long term assets amount to almost $100 billion. Here is the break down:
So where did all that cash come from, well Apple and its massive retail presence was super busy over the holiday quarter, selling: 37.04 million iPhones in the quarter – 128 percent unit growth Yr/Yr, 15.43 million iPads during the quarter – 111 percent unit increase Yr/Yr, 5.2 million Macs during the quarter – 26 percent unit increase Yr/Yr and 15.4 million iPods – 21 percent unit decline Yr/Yr. Tim Cook, Apple’s C.E.O. had this to say at the earnings call:
…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…
Not surprisingly, Apple iPhone 4S is the big story here – generating 53% of the quarters revenue. Weirdly, the 4S was widely written off, both by the press and tech journalists but it seems the public had no issue with its non-upgraded exterior look. Additionally, 58% of revenue is now taken in by international sales, China quickly becoming Apple’s new cash cow.
Besides hardware, Apple also generated cash from its services, like the iTunes store, App Store, retail stores and iCloud services, here is some interesting numbers for those revenue streams: 85 million iCloud users - 140 million App Store downloads on Christmas Day alone - 110 million visitors to Apple Stores. If you want more technical details about Apple’s Q1 2012 results – here is a recording of their live stream – Click here. So, where do we go from here and what does Q2 2012 look like?
We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “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…
Source: Apple – Source: MacRumors – Source: New York Times
