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Apple Quarterly Report: 17 Million iPads Sold in Q3 2012

Apple announced today its financial results for the April to June 2012 period: its revenue amounted to $35 billion during this time period, and its quarterly net profit was $8.8 billion, missing the Wall Street forecast.

Apple financial results Q3 2012
The Cupertino company sold 26 million iPhones, 17 million iPads and 4 million Macs during this three month period. When compared to the same quarter a year ago, iPhone sales represent a 28% increase while its most popular tablet recorded a 84% growth in one year. Additionally Apple sold 6.8 million iPods, a product line showing a 10% decline compared to this quarter a year ago.

"We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.

"We’re continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.

Analysts are somehow disappointed due to their high expectations. iPhone sale forecasts were as high as 28.9 million, while iPad sale predictions were around 15.68 million. As the final numbers show, Apple surpassed iPad sales predictions but fell below expectations in iPhone sales.

In the first fiscal quarter of 2012 Apple reported $46.32 billion in revenue with earnings of $13.87 per share. The current earning is $9.32 per share. In April, the second fiscal quarter, Apple sold 35.1 million iPhones, 11.8 million iPads and 4.89 Macs, reporting $38.2 billion in revenue, a $13.06 billion net profit and $12.30 earnings per share.

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