The Silicon Valley based tech giant presented impressive numbers at its Q1 2012 earnings call on Tuesday beating Analysts expectations on revenue, profits and sales.
Apple's Revenue Statistics
Apple’s fiscal quarter Q1 runs from September 25th to December 31st, 2011.
The Company’s Revenue more than doubled to a record $46.33 Billion compared to $28.3 Billion last quarter. The Company also broke records with its quarterly profits reaching $13.06 billion/ $13.87 US per share thrashing Wall Street’s expectations which had estimated $38.76 billion in Revenue for the Company.
In all Apple has $97.6 billion cash in the bank as of the end of its first quarter, which must have easily crossed the $100 billion mark by now.
With this crazy amount of money Apple could buy Facebook, IPO is expected to be at around a $100 billion valuation. But “it is not in Apple’s nature to do big acquisitions,” says BGC analyst Colin Gillis in a Techcrunch interview. “In fact, a big acquisition would probably be disastrous for Apple. The Company should give some of that money back to shareholders instead through share buybacks or dividends,” he adds.
Every Quarter the Company’s earnings keep rising with Apple’s last quarter reflecting $81.6 billion in cash. The graph below shows how the Company’s cash has grown from $15.4 billion in 2007, when the iPhone was launched.
Apple’s Sales Statistics
As expected, Apple also saw massive sales of its devices in particular the new iPhone 4S which was launched on October 14th. The Company sold three times as many iPads as Amazon sold Kindle Fires at double the price.
iPhones sales: 37.04 million compared to 17.07 million sold last quarter
iPads sales: 15.43 million compared to 11.1 million sold last quarter
Macs sales: 5.2 million compared to 4.89 million sold last quarter
iPods sales: 15.4 million compared to 6.62 million sold last quarter
At the earnings announcement Apple’s CEO Tim Cook said, "We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs. Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline."
Analysts believe 2012 will see Apple having the biggest product cycle in their history with the Company expected to unveil a new iPad in March, a newly redesigned iPhone during the summer and potentially an Apple-branded television set later in the year.
“We just got back from CES. Everyone has a connected TV offering and is trying to solve problems only Apple can solve. When we look at what Apple is offering though, it’s just the Apple TV. The product is doing quite well… but in the scheme of things, we still classify Apple TV as a hobby,” said Cook in the Earnings Call.
