Apple reports $8.2 billion net profit for Q4 2012, led by iPhone and iPad sales
Apple's Q4 2012 financial results are in, and the company reported a quarterly revenue of $36 billion. The end result is a quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion in the year-ago quarter. Basically, Apple is still dominating.
According to the report, Apple sold 26.9 million iPhones in the quarter, a 58% growth over the year-ago quarter. Additionally, 14 million iPads (+26%) and 4.9 million Macs (+1%) were sold. Unsurprisingly, iPod sales were down 19% from the year-ago quarter with only 5.3 million sold.
“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”
“We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.”
Moving forward, Apple has plenty to be excited about. The company just revealed the brand-new iPad Mini, a 7.9-inch tablet is 23% thinner and 53% lighter than the third generation iPad. Designed to compete with smaller tablets like Google's Nexus 7 and the Amazon Kindle Fire, Apple is on the right track in terms of size, but the price may be a bit on the expensive side. I'm sure we'll get some sales information within the next few weeks.