Apple Inc. (NASDAQ:AAPL), over the past two years has been not only increased its revenue but also its quarterly profits and on Tuesday, the company reported their best quarter ever for the 1st quarter of 2012. AAPL posted a revenue of $46.33 billion and net quarterly profit of $13.06 billion, which equals to $13.87 per diluted share.
This is much improved and higher than the same time last year, where Apple reported $26.7 billion and net quarterly profit of $6 billion, or $6.43 per diluted share.
Q1 2012 gross margin was at 44.7, higher than the 38.5 from last year, and international sales, unsurprisingly accounted for about 58% of the quarter’s revenue. This was a new record for the Cupertino company, in both profit and revenue, with the company increasing drastically higher each year, and is showing no signs of any slow down.
We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.
Apple also shipped 5.2 million Mac computers during the quarter, a unit increase of 26 percent from the previous year. iPhone unit sales reached 37.04 million, up 128 percent from a year ago quarter, and the company sold 15.4 million iPods during the quarter, representing 21 percent unit decline.
Apple has not been experiencing the same heavy iPod sales as they once did, making the popular devices now a small part of the company’s revenue, with majority coming from the iPhone and iPad. Apple’s projected revenue for the second quarter of fiscal 2012 is $32.5 billion and earnings per diluted share of $8.50.