The shares of Apple skyrocketed as the company announced its quarterly results. The company has posted a record quarterly net profit of $13.06 billion.
SIRI, APPLE’S talking tool seems to have done the trick for the California based country as it posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion. The company has sold mammoth 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter.
Though the company unveiled many amazing gadgets the past year but iPhone 4S was the most sought after product in the cell phone segment with people waiting outside the stores all night in queues to own the sleek creation of Apple’s legendary CEO, Steve Jobs, who died last year.
According to Apple's press release, posted on its website, the iconic company also sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter besides selling 15.4 million iPods, a 21 percent 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,” he added.
“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”
On an earnings call with investors, Apple executive Peter Oppenheimer said that the company also saw strong sales overseas and in its retail stores, which generated $6.1 billion in revenue, reported the Washington Times.
According to the Post, when asked about Apple TV and the rumoured iTV, Cook said that Apple TV has been improved but is still “a hobby” and that he had nothing to announce on that front. Though he has hinted at the new products but it seems apple enthusiasts would have to wait for some more time for their apple TV. Apple shares skyrocketed after it made public its financial results.