Apple reports record revenue, profit for fiscal first quarter

Phillip Michaels
25 January, 2012
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Record-breaking iPhone, iPad, and Mac sales rang in a stellar start to the 2012 fiscal year for Apple. The company said on Tuesday that it tallied US$46.33 billion in sales and US$13.06 billion in profit for the fiscal first quarter ended Dec. 31.

Both the revenue and profit figures were quarterly records for Apple and blew away the numbers recorded in the year-ago quarter. Sales rose 73 percent from last year’s figure of US$26.74 billion; profits more than doubled from the US$6 billion earned in the fiscal first quarter of 2011.

Apple earned US$13.87 per share for the just-completed quarter, up 116 percent from last year. That handily beat consensus analyst estimates of US$10.08 per share. Analysts were expecting Apple’s sales to come in at US$38.85 billion.

We’ll have more details on Apple’s quarterly performance shortly. You can follow our live blog of Apple’s 2 p.m. PT conference call with analysts.

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