By almost any metric you can use Apple had a stupendous quarter that ended March 31, 2012 with quarterly revenue of $39.2 billion and a net profit of $11.6 billion. Compare that to the same quarter the previous year’s numbers of revenue of $24.7 billion and net profits of $6 billion.
iPhone sales increased 88% over the same period a year ago, reaching 35.1 million units while iPad sales reached 11.8 million units in the past quarter, up 151% from the previous year. The company noted that it has sold 67 million iPads in two years.
Despite worries that iPad sales would cannibalize computer sales Macintosh computer sales rose 7% to 4 million units while iPod sales representing the one sour note with a drop of 15%, to 7.7 million units. The numbers were all well above Wall Street estimates.
The company promises that it will have a number of products delivered during the remainder of the year. The conference call is pretty interested and the Wall Street Journal has live blogged it so if you want to wander over and see how Apple execs are responding to the markets questions zoom on over.
The next few months ought to see the rumor mill go into overdrive on Apple. Never slow to begin with rumors already abound for next generation iPads and iPhones. People are not even talking about potential new computers that are likely with the new Intel processor family just released this week. It will make for fun trying to sort fact from wishful thinking.
But more that that it shows how well tablets can do when they are done right and expect a further frenzy on the part of developers to deliver an ‘iPad killer.’
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