Apple Reports Record Quarter Results amid Lack of Major Products

From X-bit Labs: Apple on Thursday disclosed its financial results for the fourth quarter of fiscal 2012, which ended September 29, 2012. Although during the quarter the company did not refresh its product line during the quarter, sales of all of its major products remained on strong level, which helped the company to report record Q4 results with 27% increase of sales year-over-year and a 2.8% boost quarter-over-quarter.

Apple posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40.0% compared to 40.3% in the year-ago quarter. International sales accounted for 60% of the quarter’s revenue.

“We are very proud to end a fantastic fiscal year with record September quarter results. We are entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline,” said Tim Cook, chief executive officer of Apple.

Apple sold 26.9 million iPhones in the quarter, representing 58% unit growth over the year-ago quarter and even a slight growth from the previous quarter. It is remarkable that the company managed to increase sequential sales of smartphones during in Q4 FY2012 amid massive rumours about the forthcoming iPhone 5. Usually, shipments of iPhone decline as new model is approaching. In the first quarter of the company’s fiscal 2013, the iPhones are likely to set a new shipments record thanks to introduction of the iPhone 5 in early October, 2012.

Following massively successful second quarter of fiscal 2012, Apple sold 14.0 million iPads during the third quarter, a 26% unit increase over the year-ago quarter. Considering the fact that in the third calendar quarter there were no real rivals for the third-generation Apple iPad media tablet, it is noteworthy that sales of the slate actually slowed down. With the release of the iPad mini and the fourth-generation iPad, the company remains on-track to set iPad shipments records in the ongoing quarter.

Apple sold 4.9 million Macs during the quarter, a 1% unit increase over the year-ago quarter, but a 22.5% sequential increase. Looks like Mac users decided to wait one quarter before buying refreshed MacBook Air and all-new MacBook Pro 15” with retina display. Keeping in mind that sales of Macs usually peak in the company’s first quarters and the fact that the company will start to ship new MacBookPro 13” with Retina in October as well as new iMacs in November and December, it is likely that Apple Macs will set up all-time sales records in Q1 FY2013.

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