Yesterday Apple had its Q2 earnings call of the 2012 financial year and once again Apple showed growth on the same quarter of the previous year. Overall the quarter showed $11.6 billion in profits and a staggering $39.2 billion in revenue. This is quite a considerable growth when you look at it compared to the profits and revenue go this quarter for the previous year these were $5.99 billion and $24.67 billion respectively. Both the company’s profit and revenue a the highest they have ever seen in the March quarter.
Tim Cook’s earnings call he reported in the very impressive iPhone sales which stood at 35.1 million units in the quarter which was pretty impressive. This is a massive increase in the iPhone sales of the quarter in the year previous with an 88 percent increase this year. They also sold 11.8 million iPad units this quarter which is a massive 151 percent increase on this time last year. Apples other two main device ps were unsurprising with the iPod declining and Mac computers staying strong not really gaining or losing. They also reported on their cash in hand which is not over a hundred billion at 110 billion dollars, just think that’s 110 instagrams they could buy.
This is all well and good but I predict this is just the start for this year for Apple as they have a long list of expected products to unveil in the coming year as well as further expansion into China and Brazil which is going strong.