Today, Apple released financial results for the fourth quarter of fiscal year 2012.
The Numbers
- Revenue was $36.0 billion, an increase of 27% year-over-year
- Profit was $8.2 billion, an increase of 24% year-over-year
- Earnings per share were $8.67, an increase of 23% year-over-year
- Apple now has $121.3 billion in cash, an increase of $4 billion
- Gross margin was 40.0%, down from 40.3% year-over-year
iPhone
Apple sold 26.9 million iPhones, representing an increase of 58% year-over-year. The iPhone accounted for $17.1 billion in revenue - an increase of 56% year-over-year - and comprised 48% of the total quarterly revenue. Keep in mind, the iPhone 5 was only on sale for four days in the fourth quarter.
iPad
Apple sold 14 million iPads in the quarter, an increase of 26% year-over-year. The iPad accounted for $7.5 billion in revenue - an increase of 9% year-over-year - and comprised 21% of the quarterly revenue.
iPod
The iPod again saw declining sales. Year-over-year sales dropped 19% to 5.3 million units. Despite the decline, Apple still claims a 70% market share in music players.
Mac
Apple sold 4.9 millions Macs - 1.3 million desktops and 3.6 million laptops - representing a tepid 1% year-over-year increase. This is the 26th consecutive quarter that Apple has outpaced the PC market.
Apple TV
The Apple TV saw sales of 1.3 million units. This thing is still described as a “hobby.”
Take-aways
- Apple set record fourth-quarter sales for iPhone, iPad and Mac unit sales
- They also set quarterly records for revenue and profit
The Year In Review
- Apple posted revenue of 156.5 billion, a 45% increase from 2011
- Apple posted profits of $41.7 billion, a 61% increase from 2011
- Mac desktop sales totaled 5 million
- Mac desktop sales totaled 13 million
- iPhone sales totaled 125 million
- iPad sales totaled 35 million
- Apple TV sales totaled 5 million
Looking Forward
- The next quarter will include iPhone 5, iPad mini, new iPods, new iMacs, new retina MacBook Pros, and more.
- Apple expects to post record revenue of $52 billion in the first quarter FY2013.
Final Thoughts
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News organizations that report this quarter as a “miss” because Apple didn’t meet expectations of analysts - err, external guessers - even when the company met internal expectations and had record sales are hereby banished to redemption island.
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Holy crap that’s a lot of money!