Apple reports Record Holiday Quarter and Stock Jumps 7% in After Hour Trading

The Holiday quarter is traditionally the strongest for Apple, because of the all important Holiday shopping season. Apple announced record numbers for the 2011 Holiday Quarter that are almost double of those a year ago. The AAPL stock went up over 7% in after hour trading to close at $451.08.

 

Apple posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7% compared to 38.5% in the year-ago quarter. International sales accounted for 58% of the quarter’s revenue.

The Company sold 37.04 million iPhones in the quarter, representing 128% unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111% unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26% unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21% unit decline from the year-ago quarter.

“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.”

Tim Cook is off to a great start and Steve Jobs has set Apple on a fast track to growth. Will this ever end? Definitely not anytime soon as the iPhone and iPad seem unstoppable.

The next big thing we expect from Apple is the unveiling of the iPad 3. It is still unclear what else Apple is going to reveal in the coming months. We don't expect the new iPhone 5 until Fall. 9to5Mac reports that Tim Cook invited all Apple employees to a Town Hall Meeting today, Wednesday 25th to discuss the record earning and new things going on at Apple.

 

What Others Say about This

Why Big Banks Deserve to Get Slammed

They're rolling their eyes on Wall Street yet again. The latest affront to the nation's big banks comes from Richard Cordray, head of the new Consumer Financial Protection Bureau, who said recently that he plans to investigate bank overdraft fees and per ...
Full article at: U.S. News & World Report  More like this  12 minutes ago

Stocks lower day after Dow's blip above 13,000

February 22, 2012 — NEW YORK (AP) — A day after Dow 13,000, investors took a break. The Dow Jones industrial average edged down 20 points to 12,945 as of 3:20 p.m. Eastern. The day before, it briefly touched 13,000 for the first time since May 2008. Inve ...
Full article at: Mail.com  More like this  13 minutes ago

LaCie Porsche Design Hard Drives Receive Coveted iF Design Award

Today LaCie and the Porsche Design Group (Porsche Lizenz- und Handelsgesellschaft mbH & Co. KG) announced that the Porsche Design P’9220 and P’9230 hard drives have won a 2012 product design award from the International Forum Design GmbH (iF). These prod ...
Full article at: PRWeb  More like this  14 minutes ago

Don't miss ...

• More Apple Stories
• I4U News Homepage