iPhone in Canada Blog - Canada's #1 iPhone Resource: Apple Reports Record $46 Billion Dollar Quarter, 37 Million iPhones Sold [Update]

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Apple Reports Record $46 Billion Dollar Quarter, 37 Million iPhones Sold [Update] Jan 24th 2012, 21:42 By Gary Ng on January 24th, 2012 0 Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. Apple has posted their 2012 Q1 earnings prior to their earnings call, and holy smokes is it a doozy. The company reported a record quarter of $46.33 billion in sales, and record profit of $13.06 billion, with international sales taking into account 58% of the revenue. Apple predicted they would hit $37 billion in sales this quarter, but they annihilated that estimate. Here is the breakdown of sales: 37.04 million iPhones (+128% over year ago quarter) 15.43 million iPads (+111% over year ago quarter) 15.4 million iPods (-21% over year ago quarter) 5.2 million Macs (+26% over year ago quarter) Here's what CEO Tim Cook had to say: "We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said Tim Cook, Apple's CEO. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline." "We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50." We'll be listening into the earnings call and will update this post with notes shortly. Well done, Apple. Gary Ng Founder and Editor-in-Chief of iPhoneinCanada.ca. Follow @iPhoneinCanada and on Google+. Click here to save 20% OFF at ZAGG.com with coupon 'iphoneinca'!

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