Andre Yoskowitz
24 Apr 2012 17:45
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.