London: Apple has earned a net profit of $11.6 billion for the fiscal second quarter, which ended on March 31st, powered by a surge in sales of its iPad and iPhone products.
Quarterly revenue was notched up at $39.2 billion, with a net profit of $11.6 billion. That was up massively on the same quarter last year, which saw a revenue of $24.7 billion and net profit of $6.0 billion
Gross margin was 47.4 per cent compared to 41.4 per cent in the same quarter of 2011, with international sales accounting for 64 per cent of this quarterās revenue.
As to individual hardware sales, the Cupertino company managed to flog no less than 35.1 million iPhones, nearly doubling up year-on-year (an 88 per cent rise to be precise). And when it came to the iPad, 11.8 million were shifted, a 151 per cent year-on-year increase. The new high resolution screen iPad, then, seems to be going down well, as predicted.
Mac computer sales were up again, too, although only slightly ā by 7 per cent ā with 4 million Macs sold. And once again, iPods were down, this time to the tune of 15 per cent compared to the same period in 2011, with 7.7 million flogged.
Tim Cook, Appleās CEO, stated: āWeāre thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year youāre going to see a lot more of the kind of innovation that only Apple can deliver.ā
āOur record March quarter results drove $14 billion in cash flow from operations. Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68,ā Peter Oppenheimer, Appleās CFO added.
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