From DailyTech: The good news Apple, Inc. fans is that Apple is forecast to be the most profitable American company for 2012.
The company's calendar Q2 2012 (fiscal Q3) results, just reported, revealed a 20 percent spike in profits on a year-to-year basis, soaring to $8.8B USD on a revenue of $35B USD, a profit of about $9.32 USD/diluted share.
The bad news is that Apple's iPhone sales slumped, moving only 26 million units versus an analyst consensus of 28.4 million units. Analysts had already scaled back their expectations earlier in the month from 30.5 million units.
Apple's arch-rival, Android phonemaker Samsung Electronics Comp., Ltd. (KSC:005930) is believed to have sold around 50 million smartphones for the quarter. In other words, it is out-selling Apple -- by itself -- approximately 2-to-1 in unit sales. In fact, Samsung's flagship Galaxy S III smartphone reportedly alone moved 19 million units. That means that Samsung's sales of just its top model are already approaching Apple's total sales.
Analysts had expected $2.2B USD more in profit (revenue of $37.2B USD).
View: Article @ Source Site