AfterDawn: Tech news

Apple smashes earnings, as usual

Written by Andre Yoskowitz (Google+) @ 24 Apr 2012 17:45 User comments (3)

Apple smashes earnings, as usual As they have done for the last few years with regularity, Apple has smashed their earnings expectations for the quarter.
The company posted profit of $12.30 per share, up from $6.40 year-over-year. $12.30 per share equates to a profit of $11.6 billion.

Revenue jumped 59 percent to $39.2 billion, up from almost $25 billion last year during the same period.

Says one analyst of the result: "Apple once again surprises on the upside despite expectations that iPhone sales would lag. Clearly iPad results are driving results, as well as international sales. This is consistent with Apple continuing to capture market share against Android."

Apple sold 35.1 million iPhones, 88 percent growth year-over-year. iPad sales exploded to 11.8 million, 105 percent growth. While Mac sales were expected to fall, they instead grew 7 percent to 4 million.

Following its long-term trend, iPod sales fell to 7.7 million, a 15 percent decline.

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3 user comments

125.4.2012 6:45

It will be interesting this year, if Apple can squash the issues with alleged malware infection. I think as the story unfolds, Apple will be seen as behind the ball a bit and it might hurt their profits.

225.4.2012 12:59

Ummm.........news stated either late last week or early this week that Apple shares dropped like 10%. This article seems to be F.O.S. to some degree.

Shares dropped from 600 something to like 540+ (ballparking that figure).

325.4.2012 16:33

Originally posted by hearme0:
Ummm.........news stated either late last week or early this week that Apple shares dropped like 10%. This article seems to be F.O.S. to some degree.

Shares dropped from 600 something to like 540+ (ballparking that figure).

Stock fluctuations are normal (esp. when some random analysts are making wild predictions). Earnings reports can help or hurt stock prices (in this case, the stock rallied), but stock prices don't affect earnings.

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