Apple's Astounding Q1: $46.33 Billion Revenue, $13.06 Billion Profit

Apple has today announced record-breaking financial results for the first fiscal quarter (ending December 31, 2011). Apple PR:

Apple® today announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.

In that fourteen week period, Apple sold:

  • 37.04 million iPhones (128 percent growth)
  • 15.42 million iPads (111 percent growth)
  • 5.2 million Macs (26 percent growth)
  • 15.4 million iPods (21 percent decline)
  • 600,000 textbooks have been downloaded since last week's announcement

Such numbers are truly astounding and shatter all estimates as to Apple's potential successes for the holiday season. Following widespread dismissal of the iPhone 4S, Apple has clearly proven all naysayers utterly wrong (and then some). Similarly, the iPad has sustained its dominance, and associative growth, in the tablet marketplace. While iPod sales are down, such a trend is to be expected considering the meteoric rise of the multi-purpose iPhone and iPad.

At the end of the day, it is difficult to foresee Apple's growth slowing any time soon. With countless rumored product revisions due this year, Apple's strength appears stable and unwavering.

Now, with the profits and market share further solidified, I cannot help but feel Apple is situated ideally for producing and developing some exciting, eye-opening new products unhindered in the coming months. As Shawn Blanc has expressed before, 2012 is set to be an exciting year for Apple fans worldwide. 

As an aside, this is a wonderful endorsement of Tim Cook's presence as CEO. While many have questioned his long-term prospects, Apple's Q1 earnings wholly dismiss any worries as to his effect on the company's bottom line.