Apple posts record financials, Q1 FY12 sales up 73% to $46.3 billion
Cash pile now $97.6 billion
Apple (NASDAQ: APPL) has announced its Q1 financials for the three months ending 31 December 2011.
It posted record revenues of $46.33 billion, up 73 percent year-on-year.
Net profit was also a record, up 118 percent to $13.06 billion.
Gross margin was 44.7 percent compared to 38.5 percent a year ago.
International sales accounted for 58 percent of the quarter's revenue, compared to 62 percent in Q1 2010.
Touch a winner"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."
Apple sold 37.04 million iPhones, up 128 percent year-on-year.
It sold 15.43 million iPads, up 111 percent compared to the holiday quarter in 2010. The total for the format is now 55 million.
Apple sold 15.4 million iPods (including touches and nanos). This was down 21 percent as the music-focused iPod market continues to contract.
During 2011, Apple sold 2.8 million units of its Apple TV, worth $280 million, and 1.4 million units during Q1 2012.
The company generated over $17.5 billion in cash flow during the quarter, and $38 billion during 2011, ending the period with $97.6 billion in cash, short-term and long-term marketable securities.
[source: Apple]
