Apple has posted record revenues and profits for Q1 2012, covering the 14 weeks to 31 December 2011. The company posted record quarterly revenues of $46.3bn (£29.8bn), and record quarterly net profits of $13.1bn.
Revenues are almost double the Q1, 2011 figure of $26.7bn, while profits are more than double the Q1, 2011 figure of $6bn. Gross margin was 44.7 per cent, compared to 38.5 per cent for Q1, 2011. The figures are also up on the previous quarter (Q4, 2011), when Apple posted revenues of $28.3bn and profits of $6.6bn, both of which, for once, were down on the previous quarter.
The figures were driven by strong iPhone sales. Apple sold 37m iPhones in the quarter, 128 per cent up on Q1, 2011, and 116 per cent up on the previous quarter. The company sold 15.4m iPads during the quarter, 111 per cent up on Q1, 2011, and 38.7 per cent up on the previous quarter. Sales of iPods (remember them) were 21 per cent down year-on-year, at 15.4m.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” says Apple CEO, Tim Cook. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
Apple CFO Pete Oppenheimer says the company is expecting revenues of around $32.5bn for the second fiscal quarter, which spans 13 weeks.